ConVal, state school rates drive up property taxes
SHARON — The town’s 2013 property tax rate has been set at $19.90 per $1,000 assessed value, a 4.6 percent increase over last year’s rate.
The owner of a home assessed at $200,000 will pay a total tax of $3,980 this year.
The school portions of the tax rate were both up significantly. The local school rate went from $11.16 to $11.85, a 6.2 percent increase, while the state education tax portion jumped 7.2 percent, from $2.20 to $2.36.
In March, voters in the ConVal School District approved a $45.4 million operating budget that was 2.1 percent higher than the previous year’s budget.
That budget included funding for full-day kindergarten programs throughout the district, a new preschool program at Peterborough Elementary School, and four additional staff positions.
The town’s portion of the tax rate went down 5 cents, from $4.58 last year to $4.53.
In an email message to residents, town officials addressed the reason for the decline in the town portion, writing, “This is the result of prudent fiscal management as well as a decision by the selectmen to use a portion of the town’s fund balance to offset the rather large increases in both the local school district and state education taxes.”
The town will still have a fund balance of approximately 10 percent of expenses, well within the range recommended by the Department of Revenue Administration.
Dave Anderson can be reached at 924-7172, ext. 233 or email@example.com. He’s on Twitter at @DaveAndersonMLT.