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Officials say merger would change Ludlow tax rate only slightly
Summary
Trustees and the Town/Village manager said the Village tax rate is 2.599 and estimated the merger could change taxes by roughly ½ to 1 cent per $100 of assessed value; officials said the State sets the final consolidated rate after merger.
At the March 3 public hearing residents asked how the proposed merger would affect property taxes. Penny K. Wu, Town/Village Manager, told the hearing the current Village tax rate is "2.599 for the Village." Justin Hyjek cautioned that the State will set a single new rate for the merged town and that invoices and salaries are currently split between Town and Village accounts.
Officials provided current allocation examples: vendor invoices are split 65% Town and 35% Village and salaries are split 80% Town and 20% Village. Penny Wu estimated the tax impact from the merger would be modest: "½ cent to 1 cent per every $100 of assessed parcel value," she said. Trustees urged residents to review the posted merger materials and attend or vote at the March 24 town election where a final local decision will be made.
