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Selectboard approves 2024–25 municipal and education tax rates; residents face higher education portion
Summary
The board approved municipal and resident tax rates for 2024–25, noting the municipal rate decreased while the education portion for residents rose, causing an overall increase in property tax bills per $100,000 of assessed value.
The Eden Selectboard approved the town’s 2024–25 tax rates at the Aug. 27 meeting. The municipal tax rate was set at 0.6472 (an 8.85% decrease from last year). The combined resident tax rate is 2.4572 (a 7.96% increase), with the education portion for residents listed at 1.81 (a 15.58% increase). For non-residents the total rate is 2.532 (an 8.06% increase) with an education portion of 1.8848 (a 15.41% increase).
The minutes explain that for every $100,000 of property value, residents will pay about $175.76 more than last year and non-residents will pay about $183.36 more. Board members noted that the town’s reduced municipal budget helped limit the municipal portion of the increase; the board does not control the school (education) tax rate, which is set at the state level. Ricky Morin moved to approve the tax rates; Clayton Whittemore seconded and the motion carried.
