Letters to the Editor
Assessors Pitch PILOT Program
With property in non-profit hands, town needs an alternative way to pay for town services.
To the editor: Thanks to the Belmont Citizen Herald, Boston Globe, Belmont Patch, the Board of Selectmen and all interested parties in helping promote an awareness of the Belmont PILOT (In-Lieu-of-Tax-Payment) Program. The Board of Assessors implemented this program because non-taxable entities have purchased 13 taxable properties at a cost in excess of $14 million since 2000 that will create an eventual loss of $175,000 in annual town revenue. The single family tax bill has increased from $5,791 in FY 2000 to $9,964 in FY 2012. (A 72 percent increase). We recognize and salute the contributions of our religious, educational, and charitable organizations, as they are an important and integral part of our community and make Belmont a …
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