Question 1 –
Shift to CIP –
shifts tax burden from the residential homeowner to the business owner- small or
large
Savings for an average home of $300,000 assessment will
be from $21-$102 PER YEAR
Cost of the shift to the business owner or commercial
property owner for those shifts are
$171-$849
PER YEAR
Question 2
Residential Exemption – depending on the percentage adopted – Primary
residents of
Barnstable will see a savings
of $189 - $407 PER YEAR
The cost of the shift to
non-residents would be $111 to $234 PER YEAR
Details below
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Know the
facts!
$$ What do
questions 1 and 2 mean to your wallet? $$ |
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EXAMPLES OF BILLS WITH
SHIFT TO CIP* |
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* CIP REFERS TO
COMMERCIAL, INDUSTRIAL, AND PERSONAL PROPERTY
CLASSES |
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CIP
and |
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Tax |
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Tax |
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Residential |
Residential |
Decrease |
CIP |
Increase |
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Tax
Bill with |
Tax
Bill with |
to |
Tax
Bill with |
to
local |
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Assessed
Value |
No
Shifts |
10%
Shift to CIP |
Residents |
10%
Shift to CIP |
Business* |
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$200,000 |
$1,130.00 |
$1,116.00 |
$14.00 |
$1,244.00 |
$114.00 |
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$250,000 |
$1,412.50 |
$1,395.00 |
$17.50 |
$1,555.00 |
$142.50 |
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$300,000 |
$1,695.00 |
$1,674.00 |
$21.00 |
$1,866.00 |
$171.00 |
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$350,000 |
$1,977.50 |
$1,953.00 |
$24.50 |
$2,177.00 |
$199.50 |
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CIP
and |
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Tax
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Tax |
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Residential |
Residential |
Decrease |
CIP |
Increase |
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Tax
Bill with |
Tax
Bill with |
to |
Tax
Bill with |
to local |
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Assessed Value |
No
Shifts |
25%
Shift to CIP |
Residents |
25%
Shift to CIP |
Business* |
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$200,000 |
$1,130.00 |
$1,096.00 |
$34.00 |
$1,412.00 |
$282.00 |
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$250,000 |
$1,412.50 |
$1,370.00 |
$42.50 |
$1,765.00 |
$352.50 |
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$300,000 |
$1,695.00 |
$1,644.00 |
$51.00 |
$2,118.00 |
$423.00 |
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$350,000 |
$1,977.50 |
$1,918.00 |
$59.50 |
$2,471.00 |
$493.50 |
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CIP
and |
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Tax |
|
Tax |
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Residential |
Residential |
Decrease |
CIP |
Increase |
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Tax
Bill with |
Tax
Bill with |
to |
Tax
Bill with |
to local |
|
Assessed Value |
No
Shifts |
35%
Shift to CIP |
Residents |
35%
Shift to CIP |
Business* |
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$200,000 |
$1,130.00 |
$1,082.00 |
$48.00 |
$1,526.00 |
$396.00 |
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$250,000 |
$1,412.50 |
$1,352.50 |
$60.00 |
$1,907.50 |
$495.00 |
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$300,000 |
$1,695.00 |
$1,623.00 |
$72.00 |
$2,289.00 |
$594.00 |
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$350,000 |
$1,977.50 |
$1,893.50 |
$84.00 |
$2,670.50 |
$693.00 |
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