Thursday, December 1, 2011

"Your local tax dollar is spent in your town"

The tax rate was raised from $12.95 per $1,000 of property value to $13.73 per $1,000, in part because of dropping home values. Towns often respond to declining property values by raising rates to at least maintain revenue totals. 
"Rates go up when the value of the town goes down because the value of the town needs to stay the same," said Councilor Glenn Jones, admitting that the explanation is basic and simplistic.

Read more:

The live reporting from the Town Council meeting Weds, Nov 30 can be found here

Additional information on the tax rate can be found here

No comments:

Post a Comment