SPRINGFIELD – A tax classification committee will recommend the City Council shift the biggest tax burden permitted onto businesses this year, but the average homeowner will still see the largest increase they have in a decade.
The eight-member advisory committee voted Tuesday to recommend a tax rate that will raise the tax bill by $221 on the average home, which is assessed at $255,800 for fiscal year 2025, to $4,045.
The proposed tax rate will technically drop from the fiscal year 2024 rate of $16.06 for every $1,000 a home is valued to $15.85 per $1,000. But assessments continue to increase so most homeowners will see an increase in their bills, said Patrick Greenhalgh, chairman of the board of assessors.
