New Tax Rates: What Will They Mean?
Your new tax rates have been set.
The Board of Selectmen unanimously voted to set tax rates for 2013, and rates will actually see a decrease. Homeowners will pay $13.72 per $1,000 of value, and businesses will pay $18.85 per $1,000 of value. Last year, the rates were set at $13.92 for residential and $19.16 for commercial. The average single-family tax bill will likely increase by $3 per year. And the average commercial tax bill will decrease by $72. This also maintains the 1.31 rate shift, meaning businesses will pay 1.31 times more than homeowners. "We do support our businesses, and we support our residents," Selectmen Chair Bill Gordon said. "This adjusts both and creates the least impact on both groups." The total tax levy -- the amount the town is to bill the …
In this Article:
Bryan McGonigle2
2:39 pm on Thursday, December 13, 2012
New Tax Rates: What Will They Mean? ... I think this article misleads more than it informs. Are the valuations changing? I have a hard time believing property taxes are going down or staying roughly the same as the article suggests. What was last year's levy? What was the new growth from last year? The concept of "least impact on both groups" isn't explained very well. I don't see how this … more ›