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Mount Holly keeps municipal tax rate unchanged at 0.4816 per $100
Summary
The Select Board voted unanimously to set the FY27 municipal tax rate at 0.4816 per $100, rejecting a proposed 5% cut; the treasurer reported FY26 expenditures ran about $15,000 over budget and state education property taxes rose. The board said surplus decisions drove the choice.
The Mount Holly Select Board voted unanimously July 14 to set the municipal tax rate for fiscal year 2026–27 at 0.4816 per $100 of assessed value, the same rate as the prior year. Treasurer Marc Miller reported that town expenditures for the last fiscal year were about $15,000 over budget while all revenue had been recorded.
Miller had presented a proposed rate of 0.4569 — a 5% reduction — but board members pressed for maintaining the current rate to preserve flexibility. “The only factor that could be changed is the surplus to be carried forward or applied to reduce the cost to taxpayers,” Miller said during the discussion. After debate, Diana Garrow moved to set the rate at 0.4816; Jeff Chase seconded and the motion passed unanimously.
Board members noted that state education property taxes are increasing, with Homestead and non-Homestead education taxes up 7.8% and 8.8% respectively, and that the town’s choice about surplus and offsets would determine final impacts to taxpayers. The board did not change the surplus amount during the meeting; no further vote on that specific allocation was recorded.
