EVERETT Vol. 28, No. 49 -FREEwww.advocatenews.net ANNUAL CHRISTMAS TREE LIGHTING TONIGHT SEE PAGE 9 ADVOCATE Free Every Friday 617-387-2200 Friday, December 6, 2019 Tide Feasts on Turkey Day From the desk of M W arjorie hite I would like to take this opportunity to express my sincerest gratitude to the Everett Co-operative Bank customers and my fellow employees for allowing me to be part of such a wonderful community. It has been my privilege to serve you and to work alongside of you. After 51 years of employment at the Bank and with lots of emotion, the time has come to bid farewell and begin my next journey. Effective December 26th, 2019 I will officially retire as the Bank President. I will forever cherish all the great memories we’ve created, the experiences we’ve shared, but most of all I will miss each and every one of you. I will remain active in my role as a Director of the Bank and look forward to continuing to support you. I wish you all the very best. Thank you. Very Respectfully Marjorie A. White, President Property taxes stay low RIGHT BY YOU despite greater home values By Christopher Roberson T Messinger Insurance Agency, Inc. SINCE 1921 475 Broadway, Everett Phone: 617-387-2700 Fax: 617-387-7753 NEW COMPETITIVE AUTO RATES AND BENEFITS AVAILABLE ACCIDENT FORGIVENESS DISAPPEARING COLLISION DEDUCTIBLE 98 Years of Excellence! Timothy, Daniel & David LaRovere Hours: Monday thru Friday: 8am to 6pm / Saturdays: 9am to 1pm Quote your policy online: www.messingerinsurance.com 13% DISCOUNT WITH SUPPORTING POLICY 7% PAY IN FULL DISCOUNT 10% MULTI CAR DISCOUNT he City Council recently voted unanimously to approve a new residential tax rate of $10.64 per $1,000 of assessed value and a commercial rate of $24.72 for fiscal year 2020. In contrast, the residential rate for fiscal year 2019 was set at $12.38 and the commercial rate was set at $35.27. The council also voted to approve taking $7 million from free cash to take as much strain as possible away from the taxpayers and shift it onto the businesses. During the November 25 meeting, Assessor B.J. Devereux said the average value of residential properties has increased by “10 to 11 percent,” putting it at $532,546. Yet, the residential and commercial tax rates are still lower than last year. “There’s 350 other communities in the Commonwealth who wish they could do that,” he said. Devereux also said Everett’s new Tax Levy Limit is $144.1 million, an increase of $7.4 million over last year. “It’s a good position for the city to be in; it wasn’t that long ago when the city was up against the Levy Limit,” he said, adding that Encore Boston Harbor has generated most of the city’s $3.9 million in new growth revenue. William Hart, chairman of the Board of Assessors, agreed that Everett is in an “enviable position.” “Think about it: Your values are going up and your taxes are going down – you don’t always see that,” he said. By comparison, Revere has a residential rate of $12.11 and a commercial rate of $23.68 and Malden has a residential rate of $13.27 and a commercial rate of $20.53 while Chelsea has a residential rate of $14.25 and a commercial rate of $29.14. In addition, the council approved a Residential Tax Exemption of 25 percent, which, based on the average property value, is $133,137. There are 4,031 properties that qualify for this exemption. Residents have until April 1, 2020 to apply. “The homeowner exemption is a great way for the city to keep good people in Everett,” said Mayor Carlo DeMaria. “With more owner-occupied property we’ll have less absentee landlords and more hardworking people proud to invest back into their community.” Tide senior running back Clarence Jules has been a power runner and superstar all season including the T-Day win over Masconomet, shown above. The Tide stuffed Masco, 41-7. See page 13 for story and photo highlights. (Advocate Photo by Katy Rogers)
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