MIDDLEBURY — The Middlebury selectboard on Tuesday approved a fiscal year 2015 municipal tax rate of 94 cents per $100 in property value, representing an almost 3-cent bump and a 3-percent increase from the current town rate of just over 91 cents.
When added to education property taxes computed by the state, Middlebury taxpayers will be assessed an overall fiscal year 2015 residential property tax rate of $2.717 per $100 of property value.
That rate is up 8.4 cents from the fiscal year 2014 rate of $2.633, an increase of about 3.2 percent.