The City Council in Springfield, Massachusetts has a meeting scheduled Monday to set new property tax rates.
Tax rates for both residential and commercial property in the largest city in western Massachusetts would go down, if the City Council adopts a recommendation from Mayor Domenic Sarno.
"We have a strong economy and a strong housing market right now, and I want to keep our business community strong, investing and creating more good-paying jobs and expanding our tax base," said Sarno.
Under the mayor’s proposal, the tax bill for the average single-family home in Springfield would increase by $163. This is because home values, which are based on a review of selling prices, have increased.
The average single-family home in Springfield is now worth $161,000, according to the city’s assessors.
