Businesses in Vernon reduce municipal portion of residential taxes by 21.79% BEST IN LAST 6 Years.

What is the effect of having business in our city? As we increase our non-residential tax base do we reduce the tax burden on residential tax payers? The table below shows the effect that Business (etc) has on our residential tax rate. The higher the assist factor the more taxes are reduced to the residential taxpayer. The last table illustrates the progress in Vernon from 2000 to 2006. (The business assist factor © is a way of measuring how increased non residential property assessments in our community affects the residential tax base. It is a different measure than the tax ratio method although there is some correlation.)
(Oct 6 OriginalPosting)
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