Keep Framingham Affordable
Working to Keep Your | 
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Every tax is a pay cut. |
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I've made different assumptions to come to my $186 per household.
I suspect that our town manager lowballed it to make it look more attractive. | |||
| Calculator Used | |||
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| $86,000,000 loan at 5% over 25 years | Total cost: $150.8 million | ||
| Monthly payment = $502,747 | Annual payment = $6.032 million | ||
| Residential taxpayers | 18,160 | Tax rate per $1000 | $13.31 |
| Commercial taxpayers | 963 | Tax rate per $1000 | $29.68 |
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Residential share: 56% x $6.032 million = about $3.378 million
Number of residential parcels: about 18,160 Average annual payment per residential parcel: $ 3.378 million / 18,160 = $186 George King made other assumptions. Many taxpayers will easily see $500 increases or more. | |||
Send comments to:
hjw2001@rcn.com
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