Downtown Amherst commercial sector (try not to blink)
Now that the state has, finally,
tweaked the
Community
Preservation
Act to allow commercial real estate the same $100,000 exemption of valuation as regular homeowners , the Select Board should place the question on the ballot for the next election and allow the voters to make it so.
I've never been a big fan of the CPA simply because a) it's a tax b) public officials use it like manna from heaven and c) it discriminated against business by not allowing the same exemption given to homeowners.
The commercial sector in Amherst is infinitesimally small, representing only 10% of the tax base. So the exemption is not going to cost the town greatly, only $7,000. And those funds can be made up by redirecting money taken in via the local option hotel/meals tax, another burden on business that raises
hundreds of thousands of dollars annually.
Downtown businesses have also just taken on an increase to their property tax rates to fund the fledgling
Business Improvement District, so a little relief could not come at a better time.
Amherst has a well earned anti-business reputation. A symbolic gesture like this may not erase that scarlet letter...but it's a start.