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Council to Vote on Split Tax Rate – Chelsea Record
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Council to Vote on Split Tax Rate – Chelsea Record
By Adam Swift The city council is scheduled to hold its tax classification hearing and to vote on a split residential/commercial tax rate and a residential tax exemption at its meeting on Monday, Nov. 10. Traditionally, the council has approved a 175 percent tax shift to commercial and industrial properties. In recent years, the council has also approved a 35 percent residential exemption, the biggest exemption allowed by state law. The greater …
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