ASHLAND — The New Hampshire Department of Revenue Administration has set the 2013 property tax rate at $25.12 per $1,000 of assessed valuation, $3.14, or 14.3 percent, more than the 2012 rate.
The amount to be raised by property taxes decreased by $89,158, or 1.5 percent, from $5765,615 to $5676,457, while the assessed valuation shrank by $36,647,116, or 13.8-percent, from $264,315,381 to $227,668,265.
The town tax rose from $8.60 to $9.15, the local school tax from $9.68 to $11.78, the state education tax from $2.27 to $2.52 and the county tax from $1.43 to $1.67.
Town administrator Paul Branscombe said that the increased property tax rate reflected the adjustment of property values to more closely match market prices, which significantly reduced the assessed valuation of the town. He pointed out that there was no significant increase in municipal expenditures.