Commercial property taxes rising about $200
By Bill Kirk bkirk@eagletribune.com Dec 13, 2020
Dec 13, 2020
METHUEN Residential property owners will see the lowest tax increase in a decade while owners of commercial and industrial property will see their tax bills rise an average of about $200 a year, under new rates set by the City Council.
The council voted this past week to split the tax rate for fiscal year 2021, which means commercial and industrial properties continue to be taxed at a much higher rate than residential properties.
City officials justified the split by saying residents need a break in the midst of a pandemic that has caused widespread job loss and other economic hardship.