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Hanover sets 2024 tax rate at 15.25; town clerk warns revaluation would cost about $50,000
Summary
At its Nov. 18 meeting the Hanover Selectboard confirmed a 2024 tax rate of 15.25 and heard that a full property revaluation would cost about $50,000; the town clerk said tax bills will be mailed this week and the assessor is not available for several years.
The Hanover Selectboard confirmed a 2024 tax rate of 15.25 at its Nov. 18 meeting, and Town Clerk Kelly Harrington said tax bills will be mailed to property owners this week.
"We set tax rate to 15.25," said Town Clerk Kelly Harrington, who reported that the town's valuation has dropped to about 83% below whatever prior benchmark was referenced and that a revaluation would cost approximately $50,000. She added that the assessor firm O'Donnell is booked for several years.
The clerk also noted the town office will be closed for the Thanksgiving holiday on Thursday and Friday. The board accepted the Oct. 21 minutes earlier in the meeting.
Why it matters: A tax-rate announcement signals what property owners can expect this year and whether the town will need to pursue a costly revaluation to update assessments. Harrington's comments that O'Donnell is unavailable for years and that a reval would cost about $50,000 frame the town's options for addressing valuation concerns.
What happens next: The town will mail tax bills this week; the Selectboard did not schedule a revaluation but discussed the cost and timing constraints identified by the clerk as part of routine financial planning.
