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South Berwick board sets FY24‑25 mill rate at 13.42
Summary
The Board of Assessors recommended and the council approved a FY24‑25 mill rate of 13.42, citing a townwide revaluation and a plan to retain roughly $300,000 in overlay for expected abatements; the motion passed unanimously.
Town staff presented mill‑rate scenarios and recommended setting the FY24‑25 mill rate at 13.42 mills to anticipate increased abatement requests following a townwide property revaluation. Staff said the recommendation would leave roughly $300,000 in overlay to cover potential abatements. The Chair moved to set the rate at 13.42; after a second, the council conducted a roll‑call style vote and approved the motion 4–0. The board then moved and approved signing the county assessor’s return for FY24‑25. The council noted that a lower mill rate does not guarantee lower individual tax bills because assessments also changed during the revaluation.
