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Pittsfield council adopts FY2025 tax classification, sets residential factor at 0.8271
Summary
The Pittsfield City Council set the FY2025 residential factor at 0.827103 with a 1.75 CIP shift, adopting a single tax-rate framework that keeps a residential rate below last year's figure while addressing levy-limit pressures and planning for future new-growth efforts.
The Pittsfield City Council voted unanimously to set the city's fiscal 2025 tax-classification with a residential factor of 0.827103 and a CIP shift of 1.75, action the Board of Assessors and city finance staff said will raise the $232,299,670.99 required for the budget.
Laura Catalano, chair of the Board of Assessors, presented the classification options and underlying property data, saying the average single-family home value used in the presentation was $295,291 and that the city's new growth totaled $53,559,759 (about $1,872,514 in…
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