The discussion centered around whether the town should adopt a split tax rate, which would shift a portion of the tax burden from residential to commercial, industrial, and personal property taxpayers. The assessors highlighted that Lakeville’s commercial, industrial, and personal property tax base is small, comprising only 11.7% of the town’s total valuation. Shifting the tax burden, therefore, would result in only a marginal decrease in residential taxes while increasing the commercial tax rate. This could discourage new businesses from settling in Lakeville and potentially drive existing ones out.

The board noted that even at the highest proposed tax shift, residential taxpayers would see only a modest reduction in their tax bills, while commercial entities would face steep increases, making the town less competitive compared to neighboring areas. The board’s analysis showed that maintaining a single tax rate would keep Lakeville’s residential tax rate lower than those of surrounding towns, potentially attracting more residents.

Board members expressed the importance of visual aids during presentations to the select board and the public. They emphasized that the single tax rate remains the most equitable and sustainable approach given the town’s current property tax composition.

In other business, the board discussed the hiring of a principal assessor. After reviewing candidates, the board decided to issue a request for proposals (RFP) for external principal assessing services. They cited concerns over the qualifications of applicants and the potential benefits of contracting out the role, such as cost savings on benefits and pensions, and the assurance of backup support.