ConVal portion drives up rate
GREENFIELD — With the local school portion of the property tax rate going up by 17 percent, Greenfield residents will be digging deeper when they pay the second portion of their annual tax bill, which is due in early December.
The total tax rate has been set at $24.29 per $1,000 assessed value, an increase of 9.8 percent.
The owners of a property assessed at $200,000 will be getting a bill for $4,858.
The school portion of the rate went from $12.01 last year to $14.07 this year.
The school increase, driven by the $45.4 million budget approved by voters at ConVal’s district meeting in March, will be partially offset by a flat town tax rate, which remained at $6.67.
“We used about $120,000 from fund balance in setting the rate,” Town Administrator Aaron Patt said on Tuesday. “We had been at about 10 percent on our fund balance and now we’ll be around 7 to 8 percent, still more than the 5 percent minimum that the Department of Revenue recommends.”
Patt said the town is anticipating slightly increased revenues as well, because revenue estimates in the past had been quite conservative.
“We started planning last year to maintain a level town tax rate. That’s what voters asked us to do at Town Meeting,” Patt said.
Tax bills have been sent and are due early in December.