How do you determine the tax rate?

Before the tax rate can be set, the Town must decide if they want all property to be taxed at the same rate, or if they prefer separate rates for a certain class of property, such as commercial/industrial. So, the Assessors prepare a Tax Rate Recapitulation sheet showing the total value for each class of property and its percentage of the town total. Using this information, the Selectboard holds a Classification Hearing to decide if there will be a single or multiple tax rate(s).

Show All Answers

1. How the Assessors Determine Value
2. Why assessments go up when a property hasn’t changed?
3. What if you disagree with the assessed value of your property?
4. What about abatements and appeals?
5. How are property taxes assessed?
6. How do you determine the tax rate?
7. What don't assessors do?