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 airmarked for the

schools and 34% are earmarked for the town.

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

The Town of North Reading has a serious revenue problem. I do support exploring and Extending a Sewer Line from Andover to our business district along Main St. How much capacity would Andover let North Reading have with respect to extending sewer 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 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.