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New Ipswich tax rate up by $1.30



Monadnock Ledger-Transcript
Thursday, November 01, 2018 1:14AM

The New Ipswich tax rate is up by $1.30 this year.

New Ipswich’s overall tax rate has been set at $28, up by 4.9 percent over last year’s rate of $26.70 per $1,000 of value.

Almost the entirety of the increase is attributed to an increase in the town’s portion of the tax rate, which increased from $4.17 to $5.50.

New Ipswich Town Administrator Carlotta Pini said in an interview on Monday the 2018 tax rate is more in line with what the town has set in previous years.

“While the municipal portion of the tax rate has increased this year compared to 2017, it is lower than both the years before that,” Pini said.

In 2016, the tax rate was set at $5.80, in 2015 it was $5.77, and in 2014 it was $6.

Pini said last year, the Select Board used a significant amount of the fund balance – about $300,000 – to lower the tax rate. This year, none of the fund balance was used.

There was little variation in the other three taxes that make up the total tax rate. The local education tax, which supports the Mascenic Regional School District, stayed static at $19. The state education portion rose slightly, from $2.25 in 2017 to $2.28 this year. The county tax lowered slightly, from $1.28 last year, to $1.22.

Under the new tax rate, a person with a home valued at $200,000 can expect to pay taxes of $5,600, about $260 more than last year. 

 

 

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