Increase North Reading’s Commercial Tax Base:

Increase North Reading’s Commercial Tax Base:

FY25 Statistics per the Tax Classification Presentation for the Town of

North Reading:

88% of the Property Taxes are Residential, 12% of the Property Taxes are

Commercial (6%), Industrial (4%) and Personal Property (2%).

Total Levy for FY25 equals 65 million.

There are 4,317 Single Family Homes in North Reading. The Average Single-Family

home now costs $855,002. The Tax Rate for FY25 is $13.06. The Average Single-

Family home will pay $11,166.03 in Property Taxes.

North Reading Budget breakdown: 66% of the Property Taxes are earmarked for the

schools and 34% are earmarked for the town/municipal.

Extending Sewer Line from Andover or Explore Package Treatment Plant(s):

We have been told countless times in the last several years that our town has a serious revenue problem. If that is true, then we need to increase our commercial tax base from 6 percent. I do support exploring and possibly Extending the Sewer Line from Andover to our business district along Main St. How much capacity would Andover let North Reading have with respect to extending the sewer line is a factor that needs to be asked?

Establishing a Package Treatment Plant(s) somewhere along Rte. 28 might be another option to explore that could be a good solution to bringing in new businesses to North Reading. First step is too setup an Exploratory Committee to see if this option is viable.

Package Treatment plants are pre-manufactured treatment facilities used to treat wastewater in small communities or on individual properties.

The lack of sewer in our business district appears to be a major reason as to why businesses have not come to North Reading. The town should also explore giving tax incentives to businesses to lure them to North Reading. I believe it is vital that North Reading do everything it can to increase its commercial tax base from 6%. To give you an idea of the commercial tax base in surrounding towns: Lynnfield’s commercial tax base is 15% and Andover’s commercial tax base is 11%. I am committed to collaborating with the Select Board and the Economic Development committee to discuss working towards increasing our commercial presence in North Reading.