West Springfield homeowners; your tax rate is set to decrease.
Mayor Will Reichelt credited economic growth and conservative budgets with the resulting reduced rates.
West Springfield property values have gone up, which means the tax rate reduction may even things out for some residents.
However, the mayor said new homes being built and new businesses opening help to offset the difference the property value increase can create.
“Forty-six percent of our tax base is commercial, so all the new businesses that open, the Agrimark, that $21 million project that came online this year, stuff like that is what really adds to our tax base and allows us to create services like this gorgeous high school and invest in education, without having to increase taxes for the rest of the community,” said Mayor Reichelt.
The new rates will be $16.96 per $1,000 valuation for residents, and $32.55 per $1,000 of assessed value for businesses.