By THOMAS P. CALDWELL, LACONIA DAILY SUN
MOULTONBOROUGH — The New Hampshire Department of Revenue Administration has set the 2017 tax rate at $8.22 per $1,000 of assessed valuation, a decrease of 52 cents, or 6 percent, from the 2016 rate of $8.74. The rate has declined 79 cents, or 8.8 percent, since 2015, when the rate was $9.01.
Tax bills have gone out and are due by Dec. 22.
The decrease in the tax rate is largely attributable to a 3.6 percent increase in the town’s net assessed valuation, which is $101,731,633 higher than in 2016 and $210,581,344 higher than it was in 2015. The town’s current net assessed valuation is $2,944,716,030.
The municipal portion of the tax rate is $2.46, down 31 cents, or 11.2 percent, from the 2016 rate of $2.77 per $1,000. In two years, the rate dropped from $2.85, or 13.7 percent.
The county tax rate is down 8 cents, or 5.6 percent, going from $1.43 in 2016 to $1.35 this year. The 2015 rate was $1.42.
The state education tax rate rose by 1 cent from 2016, going from $2.28 to $2.29, but it is down 25 cents, or 9.8 percent, from 2015, when the state education rate was $2.54.
The local education tax rate fell 14 cents, or 6.2 percent, from 2016, going from $2.26 to $2.12. The 2015 rate was $2.20.
Selectmen did not use any of the town’s fund balance to reduce taxation.
“The Board of Selectmen is pleased with the reduction in the overall 2017 tax rate, which will help offset some of the increases in the 2017 assessed values in taxpayers’ tax bills again this year,” said Chairman Christopher Shipp. “Our goal is to continue to provide the quality services our citizens have come to expect while also being good stewards of our modest tax rate. Prudent management of taxpayers’ dollars by our department heads is a key factor to meeting our goal.”
While the tax rate has decreased, the changes in property values and homeowner exemptions may result in a higher total tax bill.
The bills were mailed with the town’s semi-annual newsletter, which discussed the arrival of the new town planner, assessor, and human resources manager, as well as information on activities by Moultonborough Academy and Moultonborough Central School.
Moultonborough has set its tax rate at $8.22 per thousand of property value. The owner of a $400,000 home would get a tax bill of $3,288. (Sun graphic)
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