Tax rate inches up 36 cents
Town maintains flat rate for its portion
NEW IPSWICH -- The N.H. Department of Revenue Administration officially set the 2012 tax rate in New Ipswich on Monday, and residents will see an increase in their tax bills this year.
The total tax rate took a jump from $20.26 per $1,000 of assessed value in 2011 to $20.62 this year, an increase of 1.7 percent.
The town’s portion of the tax rate did not change. Select Board members made the decision this year to use surplus funds to reduce the amount to be raised from taxpayers.
The local school portion of the rate is responsible for much of the increase in the rate, having gone up by 54 cents this year, from $13.39 to $13.92, a four-percent increase. The increase was offset somewhat by decreases in other areas of the tax rate, though.
The state school portion of the rate went down 17 cents, from $2.16 to $2.33. The county tax also dropped slightly from $1 to 99 cents, a one percent decrease.
In light of the increase in the local school tax, the Select Board was concerned about keeping the town tax rate flat this year, according to a press release issued by Town Administrator Marie Knowlton. After deliberating, the board unanimously voted earlier this year to add $190,000 from the fund balance to the town’s general fund and as a result the town’s portion of the rate remained the same as in 2011 at $3.55.
The New Ipswich Select Board will meet next in the Town Offices on Tuesday at 7 p.m.
Ashley Saari can be reached at 924-7172 ext. 235 or email@example.com. She’s on Twitter at @AshleySaari.