Tired of a Dual Tax Rate – Come & Be Heard! – BOS Meeting On 11/28/17!

The Sudbury Board of Selectmen will hold a public hearing on Tuesday, November 28, 2017, at 7:45 p.m. in the Lower Town Hall, 322 Concord Road, Sudbury, to determine what percentage of the local tax levy will be borne by each class of real and personal property owners relative to setting the Fiscal Year’s tax rate.
The Sudbury Chamber of Commerce has suggested the Selectmen support a return to a single tax rate. Many towns have been gradually shifting more of the tax burden away from business owners in recent years.

Sticking with two rates — one for residential property and a higher rate for commercial and industrial property —caused bills to business property owners to climb thousands of dollars in fiscal 2016.

Communities that employ dual tax rates are at a disadvantage in attracting new business to and retaining existing business in our town. Neighboring single-rate communities, such as Acton, Concord, Wayland and Weston, are much more attractive to businesses looking to buy or rent property. It costs a small company several thousand dollars more annually to own or rent a property in Sudbury, rather than in neighboring towns, because of the dual rate. And that hurts residents, who would see their tax burden lessen if more businesses were to locate in the town, according to all studies.

Furthermore, small businesses are more likely to not prevail in a dual tax rate system benefitting larger businesses.

Reverting to a single rate has proved painless for many other communities and has helped to revitalize their commercial market. A split tax rate sends a signal that a community is less interested in their business sector.

Download the official notice of the meeting here

Member Spotlight: Platinum Pension Group, LLC

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Platinum Pension Group, LLC is a well-established TPA firm located in Sudbury, Massachusetts. We cater to small businesses and are proud of our reputation for providing advanced retirement plan solutions, accurately and affordably to our clients.

We partner with local financial and tax advisors, as well as large national investment companies to provide full service design, implementation, and annual administration of qualified pension, profit sharing and 401(k) plans.

Please explore our website to learn more about our company and the services we offer including our online newsletter library which is a comprehensive resource for qualified retirement plan information.

Lern more at: http://www.platinumpensions.com

Member Spotlight: Pediatric Dentistry and Orthodontics

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Our office provides specialized dentistry for children, adolescents and teens in a warm, caring and “child-friendly” environment. As specialists in both pediatric dentistry and orthodontics, our additional training after dental school has prepared us for the unique dental needs of each child we serve. We focus on preventive care to help each child grow a healthy smile that will last a lifetime. Our office serves infants, children, teens and children with special health care needs in Sudbury, MA including the surrounding cities of Framingham, Lincoln, Stow, Wayland, Marlborough, Maynard, Hudson and Concord, MA.

learn more at: https://www.sudburysmiles.com

Member Spotlight: Orchard Hill

Orchard-Hill

Family owned and operated for over 18 years, Orchard Hill brings the very best in assisted living to Sudbury and the Metrowest Region including, Wayland, Weston, Lincoln, Concord, Stow, Maynard, Acton, Hudson, Natick, Framingham, Marlborough, Southborough, Westborough and others…

Learn more at http://www.orchard-hill.com