Straight out of the Worcester Business Journal, here are our top 10 taxpayers. What do we see here? A group of taxpayers who can't leave no matter how high we raise the commercial tax rate. If anyone follows WorcesterMulti, they know that I complain all the time about how the dual tax rate (Residential taxpayers pay $15.22 per $1000 and commercial pays $33.34 per $1000). So, on a $1 million property, residential will pay $15,220 and commercial will pay $33,340 a year in taxes
Brian Allen
Jun 28, 20233 min read
Insights, market updates, investment strategies, and local perspectives on Worcester’s multi-family real estate market.