The Fall River Herald News has a story that is titled, "Fall River City Council reduces residential tax burden".
So I'm reading the article and here's what I get out of it....
The tax rates, if approved, are going up, from a residential tax rate of $8.06 to $9.05 and a commercial/industrial/personal tax of $17.45 to $19.80. This increase is needed because of a decrease in property values.
The Herald states the average tax bill would increase about $32.00.
How is this reducing my tax burden? The reality is my house is worth less yet my tax rate is increasing and my tax bill is going to go up!
In tough times I don't mind my tax bill increasing to allow for essential services and in fact think the city should have increased it slightly more to lessen the burden on businesses. The residential rates will increase by less than $1.00 while the commercial rates will increase by almost $2.50!