By Tom Blodgett, Lucie Flagg | YourValley
Should the town seek to maintain its secondary property tax rate on voter-approved debt of $0.99 per $100 assessed valuation, or, if you advocate reducing the rate, what cuts should the town make to pay down that debt or how would you otherwise pay for it?
Chuck Bongiovanni, co-founder and CEO of Majestic Residences Franchise Systems
“I believe we’ve done an adequate job keeping it low, however, we need also to consider paying down the debt whenever feasible. For example, if we collect 5% more in taxes due to property value increases, we need to look into how much we would save the taxpayers by paying off some of the debt earlier.”
Bobbi Buchli, real estate broker
“At the current time, I would advocate to keep and maintain the secondary property tax rate on voter approved debt of $0.99 per $100 assessed valuation.”
