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Selectboard approves slightly higher FY27 municipal tax rate
Summary
Milton's Selectboard approved a FY27 municipal tax rate of 0.5269, up from 0.5119 a year earlier, citing slower grand list growth and changes in utility assessments as drivers.
Amber N. Baker, Deputy Town Manager and Finance Director, presented the FY27 proposed municipal tax rate of 0.5269 and explained the increase from last year's 0.5119 rate was primarily due to slower-than-expected grand list growth and changes in utility assessments. She reviewed calculated homestead tax amounts for properties at sample assessed values.
The Selectboard approved the FY27 Town tax rates as presented by motion of Selectboard member Betsy Paret, seconded by Diane Barrows. The motion passed unanimously. The approved rate will guide the town's property tax bills for the coming fiscal year.
