Town Officials to Talk Taxes Tonight
Selectmen will host a public hearing at 7:15 p.m. on tax-related items including the percentage of the tax levy to be paid by those who own residences and businesses.
Selectmen will hold a public hearing tonight on 2013 taxes.
Each year the town classifies local property under categories including residential and commercial.
And selectmen decide the percentage of the tax levy to be paid by those who own residences or businesses.
The 2012 property tax-rate burden was set the same as 2011's — at 175 percent for businesses and 100 percent for residences.
Residents can weigh in on the tax discussion at the public hearing.
The fiscal 2012 rate was set at $17.99 per $1,000 property valuation for residential properties, and $33.41 per $1,000 property valuation for commercial properties.
The residential rate rose about 8 percent over the 2011 rate of $16.60 per $1,000 property valuation.
When factoring decreased home values the real tax increase was about 6 percent, said the former town administrator, Andrew Maylor, last year at this time.
The owner of an average-priced, single-family home woud see a $494 increase in taxes, he said.
Also tonight, selectmen are expected to hear the town's financial forecast.