Proposed shift in tax rates faces vote in Newton

Newton Aldermen will vote Monday on whether to shrink the disparity in the tax rate for residences and businesses.

Currently, local businesses are taxed at 175 percent of the residential tax rate. Aldermen voted 11 to 7 to reduce that number to 173 percent on Thursday, and the board will likely make its final vote on Monday.

Under the new structure, residences would be taxed at $10.44 per $1,000 in valuation, and businesses would be taxed at $19.71 per $1,000 in valuation.

-- Calvin Hennick, Globe Correspondent