Modest decline in property tax
Mayor Joseph A. Curtatone this week announced modest declines in residential property taxes paid by most condominium, two-family and three-family homeowners. Despite the growth in the city’s budget and the increase in municipal services over the past year, owners of single-family homes would see an average increase of only ten dollars, said city officials.
“It’s too soon to say we’ve turned the corner on our recent period of fiscal austerity,” said Curtatone. “In fact anyone who pays close attention to public finance will tell you that you should never say ‘We’ve turned the corner.’ But when you see financial data like this, you have to be pleased. I could not be prouder of the people of city and this administration for what they’ve accomplished in this past year.”
To read more about the state of city finances in Somerville, read Wednesday’s edition of The Somerville News, available free at over 150 locations throughout the city.
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