NewburyportNews.com, Newburyport, MA

Local News

December 4, 2012

A pair of factors add up to rising tax rate

(Continued)

Think of it this way, you could increase spending by millions of dollars, but if the property values fly through the roof during that time, the tax rate will actually go down. But on the other hand, you could drastically reduce spending and still see tax rates go up if property values were to decrease enough.

Amesbury’s conundrum is that falling property values are causing the tax rate to rise, and the high tax rate is causing the property values to fall even more as a result, creating a sort of self-perpetuating downward spiral. The challenge for the city’s leaders going forward will be to figure out how to address both of these problems in a way that allows for meaningful tax relief to the residents while addressing the real root of the problem.

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A couple of quick holiday notes: Local senior citizens are invited to the Amesbury Middle School Band and Chorus’ annual Christmas and Holiday Concert, which will be held on Friday, Dec. 14, at 9 a.m.

The free show will be at the Amesbury Middle School Performance Center and refreshments will be served in the school cafeteria for an hour before the show begins. The performance is open to senior citizens and their guests.

The show is sponsored by the Amesbury Police Department, the Council on Aging and the AMS band and chorus program, and it is made possible thanks to community donations to the Amesbury Police Officers Association. Free transportation will be available to seniors who call the senior center in advance at 978-388-8138.

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Edward Jones Investments is supporting the Toys for Tots program by using its local offices as a drop-off location for this year’s toy drive.

Residents are encouraged to bring in new, unwrapped toys during regular business hours to Edward Jones’ Amesbury offices at 49 Main St. and 19 Haverhill Road.

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