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Council sets FY2026 town tax rate at $25.18 after assessor adjustments; several routine motions approved
Summary
The Town Council approved a municipal tax rate of $25.18 for fiscal 2026 after the town assessor adjusted ratios and exemptions. Council also approved minutes, authorized year‑end transfers and set delinquent‑tax interest at 4 percent.
After a lengthy budget season, the Town Council set the fiscal‑year 2026 municipal tax rate at $25.18 per $1,000 of assessed value on July 28.
Why it matters: the rate represents an 8.3 percent increase over the prior year, the council was told, and follows a reassessment of how the town’s assessed values relate to market value and adjustments to exemptions required by state law. Councilors debated the implications for residents, including seniors and long‑term homeowners, and several residents urged the council to provide more targeted outreach and tax‑relief information.
Town Assessor Clinton Sweatt and Town Manager Matt explained the change. Sweatt had earlier recommended a higher rate; working with the…
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