Tax rate flat in Lyndeborough

Monadnock Ledger-Transcript
Tuesday, November 28, 2017

Lyndeborough’s tax rate will remain flat this year at $27.74 per $1,000 of valuation, mainly due to a dip in the local school rate. 

The town’s portion of the tax rate this year is $9.02, a 42 cent increase from the previous year. 

The members of the Select Board voted to use $88,000 of the town’s unreserved fund balance to offset the tax rate this year, which reduced the municipal portion by about 53 cents, according to Town Administrator Russ Boland, a choice made with the conscious effort to keep the rate flat. 

Boland said that the municipal increase was mainly attributed to the increase in the town’s budget. “Mainly due to operating expenses such as fuel, gravel and equipment repair, all of which were up. Salaries played some part, but mainly it was maintenance costs were up considerably compared to years past,” said Boland. 

This increase is offset by the local school rate, which saw the biggest dip this year, going from $15.50 in 2016 to $15.07 in 2017, a 2.7 percent change.

The county rates and state education rate both remained fairly stable, each only changing by a few cents. The county rate is down by two cents, from $1.31 to $1.29. But that decrease is essentially canceled out by the state education rate, which is up by three cents, from $2.33 to $2.36. 

A homeowner with a property valued at $200,000 can expect to pay an annual tax of $5,548, same as last year.