Published 8 months ago

With rate set, Springfield searches for ways to reduce homeowners’ tax burden next year

Summary by Ground News

Tax rate cut from $17.05 to $16.06 for every $1,000 a home is valued. Commercial and business rate cut by the same 99 cents to $35.41. Tax bill for the average home, now assessed at $238,700, will increase by $161 this year.

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With rate set, Springfield searches for ways to reduce homeowners’ tax burden next year

SPRINGFIELD — After a three-day struggle to pass a new tax rate, the City Council vowed to start looking for new and creative ways to reduce the budget to prevent the city’s 10th real estate tax increase in a row next year.After more than eight hours of discussions and a last-minute negotiating session with Mayor Domenic J. Sarno, the City Council passed a tax rate Wednesday in a 10-2 vote, cutting residential taxes from $17.05 to $16.06 for eve…

8 months ago·Springfield, United States

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