Selectmen opt to keep single tax rate
By Robert Fucci
At a public hearing for tax classification during the Nov. 7 Board of Selectmen meeting, the Board unanimously agreed the best way to attract new business would be to keep a single tax rate.
Board of Assessors members Robert Nunnemacher, Joyce Sardagnola and Ray Nichols presented the Selectmen with the latest assessment of the town, which is now valued at $1.390 billion.
Nunnemacher said Sutton consists of nearly 86 percent residential property, valued at $1.194 billion. Personal property takes up 5.3 percent of the town, followed by commercial properties at 5 percent and industrial at 3.7 percent.
“I have no desire to change the ratio or split,” Selectman David Hall said. “Leaving it at 1.00 is the right thing to do.”
A classification hearing must be conducted annually to determine whether Sutton should adopt one tax rate for all classes of property or a split rate for residential/open space and commercial/ industrial/personal (CIP) property.
The tax rate presented on Nov. 7 was based on a number of figures, including debt exclusions and new growth. The amount submitted to the Department of Revenue for new growth was $459,945, which was approved by the DOR.
Had the Board gone with a split tax rate, residents would have saved $476. The CIP would have an increase of $2,894.50.
But Board members agreed the minuscule savings for residents would counter the ability to attract new businesses to town.
“I want to keep Sutton business friendly, and keep it attractive to locations on Route 146,” Selectmen Chair Jesse Limanek said. “I would be in favor of equal rate for the upcoming year.”