A garden and fountain in the center of Medford that honors the four victims who died during and in the immediate aftermath of the Boston Marathon bombings have sat lifeless the last several years.
Neil Zolot / Correspondant
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Taxes for Medford businesses are on the rise.
The Medford City Council on Dec. 8 set the fiscal year 2021 tax rates, lowering residential property taxes, but shifting more of the burden onto commercial and industrial classes.
Medford s tax rates will be set at:
• Residential property $9.41 per $1,000 of value
• Commercial, industrial property $18.05 per $1,000 of value
An even split of the tax factor would have put both at $10.32 per $1,000.
Councilors said while they agree that shifting the rates from residential to business makes sense, it could also be detrimental in the future.