tax rate

MIDDLEBURY — The Middlebury selectboard recently approved a fiscal year 2022 municipal tax rate of 79.69 cents per $100 of property value, representing a 0.0065-cent decrease compared to FY’21. The new tax rate is intended to cover municipal expenses from July 1, 2021, to June 30, 2022. It is based on the general fund operating budget of $11,510,928 that Middlebury voters approved this past March, of which $7,571,924 will be raised through local taxes. Middlebury selectboard members softened the tax impact of this year’s tax rate when they agreed to allocate $622,706 from the Cross Street...
ADDISON COUNTY — School taxes are going to be lower across the board than initially projected back in January, according to lawmakers and local school district officials. Several factors have combined during a winter that made the state tax rate, upon which local rates are based, difficult to project, according to experts recently interviewed by the Independent. Rep. Peter Conlon, D-Cornwall, a House Education Committee member, described the bottom line in a Feb. 4 piece in the Independent. In it, Conlon shared the good news about what is known as the “Yield Bill,” upon which statewide...
VERGENNES — On Tuesday, the Addison Northwest School District residents will weigh in on a $21.6 million 2021-2022 (FY22) school spending plan that comes in at about $238,400 less than the district spending level they backed this past March. And, according to the latest projections by ANWSD officials, homestead tax rates will also be going down if voters approve this spending plan, by between around a penny in Waltham, to about 19 cents in Panton. Those estimates assume voters approve a separate article asking to use $266,000 of an audited FY20 surplus to offset taxes. ANSWD officials said...
MIDDLEBURY — It’s a yearly, late-January disclaimer from school budget preparers when district spending plans have to be put to bed in order to meeting the annual town meeting warning deadline: “These figures could change by Town Meeting Day, depending on decisions made in the Statehouse.” Well, those words are proving prophetic for the fiscal year 2022 Addison Central School District budget. School directors in January endorsed a $40.3 million spending plan to cover preK-12 public education expenses for children in Bridport, Cornwall, Ripton, Middlebury, Salisbury, Shoreham and Weybridge...
MONKTON — Monkton’s 2020 municipal tax rate turns out to be 4.5 cents lower than what the selectboard estimated it would be back in March. On Aug. 31 the board set the 2020 town property tax rate at 39.37 cents per $100 of assessed property value, a decrease of 1.82 cents, or 4.4%, from 2019. As reported in our Aug. 6 story, the tax cut was accomplished in part by reducing current-year paving expenses and by rolling costs related to the town hall and library project into the bond that will be used to pay for that project. But Monkton residents will not see an overall reduction in their...
MIDDLEBURY — Middlebury residents this fiscal year will see an 8.9-cent increase in their local property tax rate, a jump that’s almost exclusively associated with rising school costs. The Middlebury selectboard in August set a fiscal year 2021 municipal property tax rate of 80.34 cents per $100 in assessed value, which is virtually level with the 2020 municipal rate of 80.26 cents. The residential education property tax rate, predicated on K-12 spending, comes in at $1.6261 per $100 in assessed value, up 8.82 cents compared to fiscal year 2020. So the total fiscal year 2021 property tax rate...
NEW HAVEN — An unusually high one-time payment to square up educational property taxes has led to a jump in the New Haven municipal tax rate. Last March, voters approved general fund spending of $702,749, a decrease of 2.7%. At the same time, they also approved a one-time school payment of $390,000. Barb Torian, who was town treasurer at the time, explained the payment in New Haven’s 2019 Town Report. “The School unification, changes in the state billing system, and a higher Grand List have generated more tax dollars than in the past which created a higher-than-normal surplus which belonged...
LINCOLN — Lincoln’s municipal tax rate will be slightly lower for fiscal year 2021, but the overall rate for Lincoln property owners is going up because of a jump in educational property tax rates. The town selectboard on Aug. 18 set this year’s municipal tax rate at $0.6427 per $100 of assessed property value, a decrease of three-quarters of a penny, or about 1%. However, Lincoln’s residential educational property tax rate increased by 7.72 cents, or 5%, to $1.5702. The nonresidential rate increased by 7.02 cents, or 4.8%, to $1.5380. The total property tax rate for Lincoln residents next...
VERGENNES — While Addison Northwest School District officials lay the groundwork to prepare for tough decisions that lie ahead (see related story), some good short-term financial news has recently arrived.  Director of Finance & Operations Elizabeth Jennings told the ANWSD board on Monday the district was carrying a surplus from the recently concluded 2019-2020 fiscal year, and she confirmed on Tuesday that the fund balance would be about $1.1 million. Jennings also told the board at its Monday meeting that she expected the Vermont Department of Taxes to send out revised — and lower —...
VERGENNES — Residential school tax rates in Addison Northwest School District communities increased by between 9 and 29 cents, or roughly 5% and 16%, despite the March approval of a 2020-2021 district budget of $21,842,595 that reduced spending by about $300,000, or 1%, compared to the past school year.  That spending plan avoided programming cuts and closed Addison Central School for use as an elementary school, instead repurposing it for alternative education. Addison’s elementary students will attend Vergennes Union Elementary School under the hybrid in-person/virtual learning plan now...

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Addison County Independent