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Bennington tax rate down in reevaluation year

Published: 11/20/2019 7:59:29 PM

The Bennington tax rate has been set at $28.93, down $3.58 from last year’s $32.51 per $1000 of assessed value. The town portion of the tax rate decreased to $10.78 from last year’s $12.38, the county portion decreased to $1.04 from $1.14, the local education portion decreased to $15.41 from $16.62, and the state education portion decreased to $1.70 from $2.37.

Under the new rates, a $200,000 property would be taxed at $5,786.

Town Administrator Kristie Laplante said the town’s property assessment re-evaluation complicates the interpretation of the bill. The total valuation of the town increased this year to $126,552,077 from last year’s $106,048,755.

“If we hadn’t used Fund Balance to reduce taxes in 2018, the 2019 Tax Rate would be a decrease of $9,541 from 2018,” Laplante wrote in a statement. This year, the town’s tax effort increased $50,459 compared to 2018, and the ConVal tax effort increased $187,282, she wrote.



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