Higher assessments bring lower tax rates in Mason

  • Mason's Town Hall

Monadnock Ledger-Transcript
Published: 11/29/2021 11:16:05 AM

Mason’s tax rate plummeted by more than $7 per $1,000 of value for 2021, but rising property values will result in mostly level bills for most residents.

As with other communities that completed their five-year revaluation this year, property values in Mason have shot up, resulting in a big dip in the tax rate for 2021. The total valuation for Mason rose about 33 percent compared to 2020, and Selectman Charlie Moser said most properties will see about a 30% increase in home value. As a result, the 2021 tax rate has been set at $19.84 per $1,000 of value, compared to last year’s rate of $27.01.

While home valuations are up, the amount of funds the town needs to meet its tax burden this year is down about $86,000. So, those whose home value increased by the average 33% are likely to see a small decrease in their tax bill, while those whose home value increased more may see an increase.

A home valued at $200,000 in 2020, for example, would have paid $5,402 in taxes. If that property rose in value 33% this year, the same homeowner would have a tax bill of $5,277, or $125 less than last year.

“People that see an increase are likely people that saw improvements to their homes in the last five years which were unaccounted for in the last revaluation,” Moser said.

That dip showed across all four portions of the tax rate.

The municipal tax rate for 2021 is $7.39, compared to last year’s rate of $9.72. Moser said the Select Board authorized the use of $220,000 of unexpended fund balance this year to lower the tax rate.

The local education portion of the rate, which is the biggest single piece of the tax rate, dropped nearly $3, from $13.91 in 2020 to $10.97 this year.

The county portion of the rate is 95 cents this year, down 22 cents from 2020. The state education portion of the rate dropped from $2.21 to $1.61.

Tax bills are expected to be sent out this week. Residents can view their tax information on the tax kiosk through the town’s website.

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


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