SPRINGFIELD — The city shifted the maximum tax burden allowed to businesses last year, closing that as an option to lower residential taxes now.
The tax classification committee met Wednesday for the first time this year to discuss making recommendations to the City Council on how to set this year’s tax rate. Because the state Department of Revenue has not certified city numbers the actual amounts will not be available until next week.
Over the last few years, the city has slowly pushed more of the tax burden onto businesses. Last year commercial property owners paid 1.75% of the levy, or the amount needed to pay the city’s expenses this year, while homeowners paid 0.77% of the amount.
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