Council Approves Decreased Property Tax

The City Council voted new, decreased, rates for commercial and residential property for FY2015 in a joint meeting with the Board of Assessors, reported the Community Advocate.

This year’s residential tax rate is $16.11, and $28.22 for commercial properties, according to the town’s site.

The new rates are $15.76 for residents and $27.43 for commercial property owners. Mayor Arthur Vigeant and assessors reported that the average value of a single-family home rose about five percent last year, said the Community Advocate.