<body><div><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=0CK1to_16S8BkbN00" alt="https://img.particlenews.com/image.php?url=0CK1to_16S8BkbN00" width="1200" height="600" >BURLINGTON, Vt. (WCAX) - A proposed plan that would eliminate property taxes for Burlington homeowners with properties valued at $50,000 or less will take longer than expected to advance.Mayor Emma Mulvaney-Stanak’s tax fairness proposal would shift the municipal tax burden from lower-valued properties to commercial spaces.The plan would exempt $30,000 to $50,000 of a home’s value when calculating property taxes. Those who own homes valued at $50,000 or less would pay no taxes, and most other homeowners would see their property taxes drop under the plan.To offset that lost revenue, owners of commercial property, second homes or primary homes worth $800,000 or more would pay an average of 4%-6% more in taxes.There are concerns that the proposal would negatively impact renters and businesses.“It’s not so much that these small businesses will fail, but they may decide to manage their costs better by abandoning Church Street because Church Street rents are already high. The cost of doing business is high. The cost of parking is high,” said Kelly Devine, the executive director of the Burlington Business Association.The proposal was expected to be voted on for presentation to the full City Council as a charter change. However, the mayor’s office and the city’s charter change committee decided to instead present the idea as an advisory question.For now, the proposal is staying in committee.</div></body>

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BURLINGTON, Vt. (WCAX) - A proposed plan that would eliminate property taxes for Burlington homeowners with properties valued at $50,000 or less will take longer than expected to advance. Mayor Emma Mulvaney-Stanak’s tax fairness proposal would shift the municipal tax burden from lower-valued properties to commercial spaces. The plan...

Burlington property tax shift plan faces delay

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BURLINGTON, Vt. (WCAX) - A proposed plan that would eliminate property taxes for Burlington homeowners with properties valued at $50,000 or less will take 

Burlington property tax shift plan faces delay

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