Property Taxes on their way up…F’yeah!

Lowell Sun

LOWELL — City councilors voted last night to raise the median property-tax bill next year for owners of single-family homes in Lowell by an average of $120 — and nearly $300 for three-family homes.

The increased bills were a result of councilors voting 8-0 to support a property-tax structure in which industrial and commercial homeowners pay a rate 175 percent higher than residential homeowners. The rate shift is the highest allowable under state law.

Overall, the tax rate is set to jump from $13.27 to $14.27 per $1,000 in assessed value for residential homeowners, and from $27.46 to $29.73 per $1,000 in assessed value for industrial and commercial property holders.

That’s it? Just an average of $120? Why not go even further? It’s not like anyone is going to leave. Nobody ever leaves Lowell. F’ it! I say double the property tax….Especially for those freeloaders up in the highlands.