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Shrewsbury board holds first reading of 2025 tax levy as assessed valuations climb
Summary
City staff explained a large increase in assessed property valuations that lowers the tax rate under the Hancock Amendment; the board approved first reading of the 2025 levy ordinance and will consider budget details this fall.
Shrewsbury’s board held a first reading on the city’s proposed 2025 property tax levies after staff described a sizable rise in assessed valuation that will force the tax rate downward under state limitations.
Justin, the staff member presenting the item, said the city submits assessed-value data on a Form 15 to state auditors and that the state calculates the maximum rate a municipality may request. "First thing I'm gonna start with is in my memo. I…
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