Selectmen approved a new residential tax rate of 15.51 per $1,000 of assessed value for FY14, which is slightly higher than the 15.20 per $1,000 in FY13.
Taking into account the average single-family home value of 740,204, the average residential tax bill would be $11,480.56 next year. The current year’s tax bill on the average single-family home is $10,906.40.
So, it would be about an increase of $574 on the average single-family home’s tax bill in the coming fiscal year.Exemption votes
The Board of Selectmen also voted not to adopt either a Residential Exemption or a Small Commercial Exemption.
It was explained by members of the Board of Assessors that the residential exemption would be harmful to rental property owners. The town has not traditionally adopted either of the exemptions.