Average Hamilton Tax Bill to Drop Slightly
The tax rate will drop, and the average tax bill will drop slightly, this year in Hamilton.
The average property tax bill in Hamilton is expected to drop slightly this year. That’s based on the total tax levy and the total assessed value of the property in the town, after last week’s tax classification hearing by the Hamilton Board of Selectmen at Hamilton Town Hall. The fiscal 2013 tax rate was set at $17.25 per $1,000 of property value. Based on that rate, the average annual tax bill for a single family home will go down by an average of $46. “That’s good news, very good news,” said Selectman Jeff Hubbard. The board also decided to set the same rate for residential property and for commercial property. Hamilton has 4 percent of its property as commercial, while towns are recommended to not consider a so-called tax shift unless …
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Ron Powell
11:11 am on Wednesday, November 28, 2012
I would also be curious to know the effect that new growth and the newly approved capital debt exclusions (Cutler and Buker roof repairs) had on the total tax levy. (Tax levy is a function of the provisions of Prop 2½ plus new growth and debt exclusions.) more ›