Meredith tax rate is 2 percent lower in 2017

MEREDITH — The Department of Revenue Administration has set Meredith’s property tax rate at $15.23 per $1,000 of assessed valuation, a 36-cent (2.3 percent) drop from the 2016 rate of $15.59, but 3 cents, or 0.2 percent, more than the 2015 rate of $15.20.
The municipal portion of the tax rate fell 6 cents, or 1.2 percent, from $5.06 in 2016 to $5.00 in 2017. It is 19 cents, or 3.95 percent, higher than the 2015 rate of $4.81.
The county tax rate has continuously dropped over the past two years, from $1.45 in 2015 to $1.33 in 2016 and $1.23 in 2017. That amounts to a 15.2 percent decline over two years.
The state education tax rate, which was $2.42 in 2015 and $2.44 in 2016, is $2.21 this year, representing an 8.7 decrease over the past two years.
The local education tax rate has continually increased, from $6.52 in 2015 to $6.76 in 2016 and $6.79 this year. Over two years, the rate has increased by 4.1 percent.
The town’s net assessed valuation, on which the tax rate is calculated, increased by $151,232,845, or 8.58 percent, from 2016, now standing at $1,913,769,890.
Changes in the tax rate do not necessarily equate to changes in the homeowner’s tax bill. If a property increases in value by 2 percent and the tax rate drops by 2 percent, the tax bill may remain the same. Exemptions for the blind or veterans’ tax exemptions also can affect the amount on the bill.

11 10 Ashland Tax Rate

Meredith’s tax rate has held fairly steady over the past three years. (Courtesy graphic)

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