Local tax rates: Some up, some down
AMHERST – Property tax bills for all local towns went out before Thanksgiving, and homeowners in Amherst have something to be thankful for.
In Lyndeborough, not so much.
Amherst’s rate has actually gone down by 18 cents per thousand of assessed value because of a property revaluation this year.
"Values went up, so the rate went down," Amherst tax collector Gail Stout said.
The total value of Amherst property is now about $1.7 billion, which is about a 7.4 percent increase over 2015.
The state requires each municipality to re-evaluate its property every five years.
The newest market adjustment, Stout said, reflects some new construction, as well as increased values of home and business properties.
Mont Vernon, which last year had the biggest rate hike in the area, saw its rate remain the same, at $29.45.
Wilton’s new rate is $26.34, also the same as last year.
Lyndeborough’s new rate is $28.96, a $2.45 hike, partly because of the town bearing a greater share of the cost of the Wilton-Lyndeborough Cooperative School District and partly because of additional town operating expenses and $75,000 added to capital reserve funds, Town Administrator Russ Boland said.
Each tax rate is made up of town, local school and county rates, as well as a state school tax. The local school portion of the rate is by far the largest in every town.
In Amherst, for example, the school tax rate is $16.50, more than three times the municipal rate. Milford’s 2016 total tax rate is $28.96, a 50 cent increase.
Kathy Cleveland can be reached at 673-3100 or kcleveland@ cabinet.com.