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Lyndeborough tax rate up by 47 cents



Monadnock Ledger-Transcript
Thursday, November 01, 2018 1:15AM

The Lyndeborough tax rate is up by 47 cents per $1,000 of value this year.

The Lyndeborough tax rate has been set at $28.21, a 1.7 percent increase over last year’s rate of $27.74.

The municipal portion of the tax rate remained steady this year, set at $9.02, the same as in 2017. 

The county portion of the tax rate went up by a penny, from $1.29 to $1.30. The state education portion decreased by ten cents, from $2.36 to $2.26.

The entirety of the increase is due to an increase in the local education portion of the tax rate, which supports the Wilton-Lyndeborough Cooperative School District. The rate increased by 3.7 percent, up from $15.07 to $15.63.

WLC School Board Chair Harry Dailey said in an interview Monday the increase was mainly due to decreases in revenue from federal an state sources.

“Medicaid reimbursements was down, catastrophic aid was down, and adequacy aid was down, to the tune of about $300,000 in total,” Dailey said. 

The district also had less in the general fund to return to the towns to lower the tax rate, Dailey said. In the 2017-18 school year, the district had an additional $240,000 to return after the completion of the Florence Rideout Elementary School and Lyndeborough Central School renovations came in under budget.

The calculations for Wilton’s tax rate have not been completed, but Dailey said it’s likely their portion of the local education rate will see an increase for the same reason.

Under the new rate, a homeowner with a property valued at $200,000 can expect a tax bill of $5,642, about $94 more than last year. 

 

Ashley Saari can be reached at 924-7172 ext. 244 or asaari@ledgertranscript.com. She’s on Twitter @AshleySaariMLT.