2024/2025 Tax Rate:
AMENDED
Homestead = $1.9060 Non-Residential = $1.9826
($.4321+$1.4729+$.0010) ($.4321+$1.5495+$.0010)
Municipal Tax Rate: $.4321
2024-2025 Amount to be raised by taxes $1,168,609 (cash forward $28,691)
2024-2025 Municipal Grand List $2,428,207
Education Tax Rate:
Homestead = $1.4729
Non-Residential = $1.5495
Local Agreement Tax: $.0010
Calculation of Municipal Tax Rate
The Municipal Tax Rate is expressed as the amount of tax to be paid for each $100 of assessed value.
Tax Rate = Amount to be raised by taxes / (Grand List / 100)
Amount to be raised by taxes = total expenditures for general government and roads, reduced by other sources of revenue.
Grand List = the total value of all taxable real estate and personal estate taxable to the town.