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Starksboro OKs a tiny tax cut

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Posted on August 23, 2018 |
By Addison Independent



STARKSBORO — Property taxes are going down slightly for homeowners in Starksboro; but owners of nonresidential property will see a tax increase.

The residential property tax rate for Starksboro for the current fiscal year is $2.1613, down less than 1 percent from last year, and the total nonresidential property tax rate is $2.20, a 5 percent increase.

The Starksboro selectboard on Aug. 8 approved an 8.4 percent increase in the municipal tax rate, which was set at $0.604 per $100 of assessed property value.

This number is a combination of $0.6028 to fund budget items and $0.0012 to raise the amount granted as an exemption for disabled veterans.

Because of Act 46 school consolidation incentives that include an education tax rate discount of 8 cents this year, Starksboro’s residential education tax rate fell by 3.7 percent to $1.5573. The nonresidential education tax rate, on the other hand, increased by the same percentage to $1.596.

Starksboro’s common level of appraisal (CLA), as reported by the Vermont Department of Taxes, decreased slightly to 99.

Town residents paying on the full value of their property will see a tax reduction of $13 per $100,000 of assessed value. Nonresidents will see an increase of $111.

Residents who pay based on their incomes are likely to receive prebates for a portion of their school tax bills. About two-thirds of county residents receive prebates.

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