SalemNews.com, Salem, MA

Local News

June 20, 2013

Estates expected to get 'agricultural' tax breaks

(Continued)

Johnson said one potential buyer is planning to buy two lots and not build a home on one of them, meaning the town will lose out on more tax revenue.

“It means the revenue estimates they came up with will be far less,” Johnson said, noting that the town missed out on a real opportunity to generate a significant amount of new tax revenue by buying the property and moving forward with mixed-housing plans.

Staff writer Jonathan Phelps can be reached at 978-338-2527 or by email at jphelps@salemnews.com. Follow him on Twitter at JPhelps_SN.

 

 

 

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