Government
Watertown to Request Residential Tax Relief from State Legislature
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The City of Watertown will request permanent tax relief for residential property owners by sending a Home Rule Petition to the State Legislature for approval. The City currently has a three year tax relief which allows for the City to shift more of the burden of property taxes on to commercial, industrial and personal properties. For years, the City had been able to do a shift of 175 percent but due to a detail in the state law for tax shifts, it limited the amount that could be charged to residential properties. This combined with increasing values of commercial, industrial and personal properties means that Watertown has not been able to do the full 175 percent shift. City Manager George Proakis said that the City is limited by the state law that requires that the proportions of tax levy not exceed 38.76 percent for commercial, industrial and personal properties, which is the percentage when Watertown set the split tax rate.




