The new formula will add $10 to the property tax bill for the owner of the average home, in addition to his or her share of the increased tax levy, which overall is going up 2.5 percent. Together, the result is that the tax bill for the owner of the average home will increase $99 next year, to $2,626.
The shift in the tax burden will add $5 to the tax bill for the average condo, $12 for the average two-family home and $3 for the average three-family home.
Wilfred Carpenter, vice president of the Merrimack Valley Chamber of Commerce, joined Rivera in asking the City Council to ease the tax burden on businesses at the council meeting last week. The chamber has about 400 members in Lawrence and surrounding municipalities.
“The businesses of Lawrence are the backbone of the city,” Carpenter said. “We support schools, veterans, civic associations and charities and we provide jobs for the citizens of Lawrence.”
The council’s vote was its third in three years to jigger the tax formula to shift some of the burden from businesses to homeowners. The shift began in 2011, when businesses were carrying the maximum tax load allowed by the state.