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Intern proposes lowering Acton’s commercial tax rate to attract businesses; model shows trade-offs
Summary
Aditya Sharma presented a model suggesting a modest cut to Acton’s $17.15-per-$1,000 commercial tax rate could attract enough businesses from existing vacant commercial space to offset much of the near-term revenue loss.
Aditya Sharma, an intern and incoming freshman at Indiana University’s Kelley School of Business, presented a comparative analysis of Acton’s commercial tax rate and a model estimating how lower rates could affect business attraction and municipal revenue.
Sharma said Acton’s commercial tax rate for fiscal 2025 is $17.15 per $1,000 of assessed value and noted that about 70 percent of Massachusetts municipalities have lower commercial rates. He compared Acton to neighboring towns with…
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