M/cloudy
71°
M/cloudy
Hi 73° | Lo 51°

Sharon

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 danderson@ledgertranscript.com. He’s on Twitter at @DaveAndersonMLT.

There are no comments yet. Be the first!
Post a Comment

You must be registered to comment on stories. Click here to register.