Saturday, July 9, 2016

Springfield taxes see 2.56 percent increase

Combined town and school property taxes are going up 2.56 percent, as the Select Board approved the final documents setting the rate for 2016-17 Thursday evening.

www.rutlandherald.com    

13 comments :


  1. Another year, another tax increase. Nothing new here.

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  2. yup 2.56 for property tax and like 9.6 for water/sewer,wish the town was as good saving money as they are spending money,i wonder how many more homes will be abandoned because the owner's will not be able to afford them

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  3. Will our taxes EVER decrease?!

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    1. chuck gregory7/11/16, 1:21 PM

      Well, they COULD, if we ever set up a just taxation system.

      In Vermont, a person who earns three times as much as the median income pays three times the base rate of 3%, but a person who earns 6,000 times the median income also pays three times the rate.

      If we look at household income in Vermont, lumping together all the money earned by all the families making the same amount, we get tens of thousands in all income categories who earn pretty much the same-- the 19,461 households in 2012 who made $25,000-$30,000 a year altogether earned $534.4 million, which was just about as much as the 76,400 who made less than $15,000 ($556 million). A lot of households have to get by on one-quarter of what is barely adequate for 20,000 households above them-- and they all pay the same tax rate.

      So, we should have a tax rate that reflects not a household’s income level, but its income in relation to all the income of all households in Vermont. In other words, make it a tax rate that reflects the average household income in each group: If a household income is 1% of the income of the highest average household income, its tax rate should be 1% of the state’s established tax rate. For example, if the average income of the highest group is $1 million, then a household making $100,000 would pay one-tenth the state’s tax rate.

      If put into effect, a tax rate that would have generated the same revenue as the 3% / 6% system did in 2012 would have CUT taxes for all households below $1 million. The cuts would have started at 60% for households in the $500-$1M range (a savings of $31,000 on average) to 100% for households making less than $10,000 (savings of up to $17).

      So, if we want to, we can make taxes go down. You can do something about it.

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  4. but think on the bright side,we'll have a nice paved bike path to leave town on

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  5. Our property taxes have now surpassed our mortgage payment. Never thought I'd see the day. I'm hoping that the town-wide property reassessment gears property-value downward. There's no way I could sell my home for what the town last assessed it at.

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    Replies
    1. Positive proof that you can never really own your own home. You only rent it from the government.

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  6. doesn't really matter what your house is worth,the town will just keep raising the tax rate to fund their wasteful spending

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  7. That Biomass plant and the other businesses it would have brought in looks pretty good now. Doesn't it? Can't decrease residential taxes if we keep stalling businesses from settling here

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    Replies
    1. Nah. The biomass plant still doesn't look good. I'm really happy with all the work people are getting installing solar farms.

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    2. eyesores

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    3. 1:42 PM, yes they decrease once you die, but when you are dead remember there is a death tax still due.

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    4. STILL not as ugly as those wind turbines.

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Please keep your comments polite and on-topic.


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