Lancaster already leads many area towns in Commercial and Industrial Taxes
Photo by Towfiqu barbhuiya on Unsplash |
The Massachusetts Department of Revenue collects data on the percentage of each town's annual tax levy that comes from each real estate tax class (Residential, Commercial, Industrial) and from personal property tax.
The state refers to the percentage of the tax levy derived from Commericial, Industrial and Personal Property Tax as the "CIP Percentage."
Contrary to what you might intuit (or maybe have been told) Lancaster is not lacking for Commerical, Industrial and Personal Property Tax Revenue. In fiscal year 2022, 14.34% of our levy revenue came from these sources.
In that regard, Lancaster leads Sterling (a surprise to many people), Lunenburg, Stow, Bolton, and many other area towns.
The visualization compares the CIP Percentage in abutting towns, members of our school district, and some other Montachusett region towns.
The visualization compares the CIP Percentage in abutting towns, members of our school district, and some other Montachusett region towns.
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