During a public hearing last week, selectmen reiterated their support for one tax rate for all properties in town. State law allows municipalities to tax commercial properties at a rate up to 1.75 times the residential rate. Selectmen couldn’t take a formal vote because the state Department of Revenue had yet to certify the amount of revenue available to the town due to so-called new growth, but they unanimously signaled their support of the status quo. Paula Wolfe, director of assessing, noted that commercial properties make up only 11 percent of the town’s tax base and that classification would not change the amount of money the town could raise. Selectmen said that with the town trying to attract more businesses, raising taxes on businesses would be “the last thing” they would consider. Wolfe said that the latest revaluation of residential properties — which covered about 70 percent of the homes in town — showed a decrease in both the median and average values of residential properties, largely due to a decrease in the value of land. Full story for BostonGlobe.com subscribers.
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