Springfield homestead tax up 2.7 percent
By Susan Smallheer
Staff Writer | July 03,2013
SPRINGFIELD — Homestead property taxes are going up 2.7 percent in Springfield, while taxes on nonhomestead properties will go up slightly more than that.
The Springfield Select Board approved the 2013-2014 tax rate in a special session Tuesday afternoon.
According to the figures adopted by the board, the homestead tax rate will go from $2.76 to $2.84 per $100 of assessed value.
The figure for business, commercial and second homes will go from $2.57 to $2.66, according to the documents, a 20-cent difference.
The new tax rate supports both the $10 million town budget passed in March and the $28 million school budget passed in April after a revote of the original budget which was defeated in March.
Town Manager Robert Forguites said the difference between the homestead and non-residential tax rate was traced back to the town’s school tax rate, which is set by the Department of Education.
Springfield’s per pupil costs are higher than the statewide average of $13,565; Springfield’s average is $15,456.
Springfield’s per-pupil costs are higher due to a $30 million bond issue the town approved about five years ago for the renovation of its two elementary schools, Elm Hill and Union Street schools.
In addition to the two budgets, the tax rate also supports $221,000 in special appropriations approved by voters at town meeting, which added .033 cents to the tax rate, as well as the Windsor County tax of $36,399, which required about half a penny on the tax rate.
The tax rate also included less than half a penny on property tax abatements, which are approved by the Board of Civil Authority.