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Select Board sets town tax rate at 0.5343 and local agreement rate at 0.0051
Summary
Board voted to set the regular town tax rate at 0.5343 and the local agreement tax rate at 0.0051 after accounting for an extra $20,000 in current‑use revenue; the motion passed by voice vote.
Finance staff reported the town budget calls for raising $754,500 but that an additional $20,000 in current‑use revenue reduces the taxes to be raised to $734,500. The calculation produced a regular town tax rate of 0.5343 and a separate local agreement rate of 0.0051 related to veteran/fire department exemptions.
"I make a motion we accept the town tax rate as 0.5343, and the local agreement tax rate is 0.0051," a member moved; the motion was seconded and the board voted in favor by voice. The chair noted the combined rate is lower than last year and explained the change reflected higher current‑use receipts and school tax movement statewide.
The board recorded the motion and will finalize paperwork and publish the rates for the grand list and tax notices.
