Plymouth board supports unified tax rate to boost commercial growth and ease residential burdens

During the recent Plymouth Select Board meeting on December 10, 2024, board members engaged in a significant discussion regarding the town's tax structure, emphasizing the need for a unified tax rate to alleviate the financial burden on residential taxpayers.

Board member Mr. Canty highlighted the importance of adopting a unified tax rate, arguing that it would ease the tax burden on residents in the long run. He expressed a desire to review data before making a final decision but stressed that a unified approach is essential for the community's economic health.

Mr. Golden echoed Canty's sentiments, noting that a split tax rate could deter commercial growth in Plymouth. He shared insights from his experience working with various municipalities, indicating that many towns are moving towards unified tax rates to foster economic development. Golden emphasized that Plymouth must attract more businesses to enhance its commercial tax base.

Mr. Blotta also supported the unified tax rate, stating it is a crucial tool for increasing commercial tax revenue while stabilizing residential taxes. He mentioned that other strategies, such as increasing building heights, could further incentivize businesses to establish themselves in Plymouth.

The board's discussions underscored a pressing issue: 86% of the town's tax revenue currently comes from residential properties, highlighting the need for a more balanced tax structure. As the board prepares to vote on this matter, the focus remains on fostering economic growth and ensuring a fair tax system for all residents.