(Presented at the Town of Westford's Zoning Board of Appeals.)
Westford Residents stand to lose 75.6 Million Dollars in Property Values. Although we cannot definitively know how an asphalt plant will affect Westford, we can make an educated prediction. We can use the values lost from an actual asphalt plant, and calculate a projected affect on Westford. Based on actual loss, Westford residents are likely to lose a combined 75.6 million dollars in homeowner property value, which would be the equivalent of 1.2 million dollars in tax revenue annually for the town.
- · Research from Pineola, NC, where property values before the introduction of an asphalt plant were an average of 27% higher than values post-asphalt plant.
- · Excel Spreadsheet of tax assessment home values on streets in Westford that are