Brattleboro board approves new tax rate
BRATTLEBORO — The town finalized its tax rate, which is lower than last year but, when combined with school taxes, will result in an increase of $47.39 for every $100,000 of property owned by local residents and $5.59 for nonresidents.
The Select Board approved a municipal tax rate of $1.2594 for every $100 of assessed value. With a state education tax rate of $1.6467, local residents will see a total rate of $2.9061.
Nonresidents will pay a state education tax rate of $1.5368 and a combined rate of $2.7962. Downtown property owners will see an additional approximately 13 cents for an assessment to the downtown organization Downtown Brattleboro Alliance.
Town Manager Peter Elwell said the municipal rate is going down by about $16.82 per $100,000 of assessed property value.
"It hasn't happened in a few years, so it's something to celebrate," Select Board Vice Chairman Tim Wessel said. "But unfortunately, we have some other taxes
He said the reduction of the town rate will help offset an increase in school taxes.
Town Finance Director John O'Connor told the Reformer school rates are going up this year by 6.42 cents per $100 of valuation for local residents and 2.24 cents for nonresidents. Taken together, the municipal and education rates will increase this year by 4.74 cents for locals and a little more than half a cent for nonresidents.
O'Connor said the rates vary from year to year.
"I think the education rate actually went down a little bit last year," he said. "It's hard to really say there's a trend there."
Wessel linked savings in the municipal rate to a new revenue stream approved at annual Representative Town Meeting in March. The town began collecting a 1 percent local option sales tax July 1 and included $630,000 in the budget for anticipated revenue.
Reach staff writer Chris Mays at email@example.com, at @CMaysBR on Twitter and 802-254-2311, ext. 273.
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