SAUGUS D D Your Local News & Sports Online. Subscribe to Advocate Online! Scan Here. CAT CAT T Angelo Agganis, his sister Demetra Aggannis-Politis and her husband Peter Politis – owners of Hammersmith Family Restaurant – at Saugus Town Hall Tuesday (Nov.19) night after receiving a citation from the Board of Selectmen honoring their restaurant’s 50th anniversary. Please see inside for story and other photos. (Saugus Advocate photo by Mark E. Vogler) E TE Vol. 26, No.47 -FREE- www.advocatenews.net Published Every Friday 781-233-4446 Friday, November 22, 2024 50 YEARS OF DOWNTOWN DINING New tax rates set On average, homeowners will pay $265.98 more; businesses, $490.35 less, under plan approved by selectmen for Fy2025 By Mark E. Vogler he owner of an average single-family home in Saugus valued at $641,074 will pay $6,847 in taxes next year – $265.98 more than this year. Meanwhile, the tax bill for an average commercial property, valued at $2,159,160, will be $47,415 – a decrease of $490.35 over this year. Those scenarios will take eff ect as a result of the new tax rates for the 2025 fi scal year approved unanimously on Tuesday (Nov. 19) night by the Board of Selectmen, pending approval by the state Department of Revenue (DOR). A tax rate analysis presented by the Saugus Board of Assessors showed a 4.04 percent increase in the average homeowner’s tax bill, while commercial and industrial property owners can expect an average decrease of 1.02 percent. Once again, selectmen followed their past practice of recent years by adopting a plan calculating the lowest possible residential factor – a plan that would tax commercial, industrial and personal (CIP) property at a maximum share of the tax levy for the 2025 fi scal year at 175 percent. Selectmen voted to set the tax rates for the 2025 Fiscal Year that began July 1 at $10.68 per $1,000 of assessed valuation for residential and $21.96 per $1,000 of assessed valuation for commercial. The current tax rates are $10.65 for residential and $22.05 for commercial. Deputy Assessor Iwona Zamiejska-Wilt and the Saugus Board of Assessors (Chair David Ricciardelli, Daniel Kelly and Jennifer D’Eon) appeared before the Board of Selectmen for a public hearing to determine the percentage of local tax levy for the 2025 Fiscal Year to be borne by each class of taxable property within the Town of Saugus. “One of the things we have to commend is our commercial base,” Town Manager Scott C. Crabtree told selectmen during the tax classification hearing. He stressed that commercial property owners are TAX RATES | SEE PAGE 2 Mid-grade Regular $3.47 2.78 37 27 Over 45 Years of Excellence! Full Service $2.95 Order online at angelosoil.com
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