Lyndeborough tax rate up 76 cents

  • The Town of Lyndeborough Staff photo by Ben Conant

Monadnock Ledger-Transcript
Published: 11/23/2021 12:26:47 PM

Under Lyndborough’s tax rate for 2021, a home valued at $200,000 will receive a tax bill of $4,420, $152 more than last year.

The tax rate has been set at $22.10 per $1,000 of assessed valuation, compared to last year’s rate of $21.34, with the 76 cents representing a 3.6 percent increase from 2020. Bills are expected to go out this week, which is several weeks beyond their usual delivery date, due to a delay in the calculation of the school percentage of the tax, according to Lyndeborough Town Administrator Russ Boland.

The Select Board met in an off-schedule meeting on Nov. 19 after receiving the final information needed from the school district, for the sole purpose of discussing the tax rate. During that meeting, the board agreed to use $95,000 in undesignated fund balance to reduce the tax rate, which drove down the final amount by about 45 cents, Boland said.

The use of the fund balance allowed the municipal portion of the tax rate to stay flat this year, at $7.35 per $1,000. The county tax rate also only had a slight change, dropping 2 cents from $1.04 in 2020 to $1.02 this year.

Both the state and local education portion of the tax rate saw increases, with the biggest portion of the increase attributed to the local education tax. The local school portion of the tax rate this year is $11.86, which is a 48-cent increase from last year. The state education rate also increased by 30 cents, from $1.58 in 2020 to $1.87 this year.

 

 

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




Monadnock Ledger-Transcript

20 Grove St.
Peterborough, NH 03458
603-924-7172

 

© 2021 Monadnock Ledger-Transcript
Terms & Conditions - Privacy Policy