Middlebury tax rate up 7 cents

MIDDLEBURY — Middlebury selectmen on Thursday set a fiscal year 2006-2007 residential tax rate of $2.2103 per $100 in property value, an increase of approximately 7 cents compared to the current residential rate of $2.1397.
Middlebury overall rate for non-residential properties (business and second homes) was set at $2.055 per $100 in property value.
The new tax obligation reflects a municipal rate of 73.6 cents per $100, which includes 2 cents for the fire equipment replacement fund and 1 cent for the land conservation fund. The previous municipal rate was 69 cents per $100.
Also reflected in the new rate is an education property tax rate of $1.474 per $100 for residents and a non-residential school property tax rate of $1.32 per $100.
Middlebury Business Manager Kathleen Ramsay said the town got some relief from the Legislature’s decision this year to reduce the statewide education property tax rate by 4 cents for fiscal year 2007. 
Middlebury property taxes are due in three equal installments: Aug. 10, Nov. 10, 2006, and March 10, 2007.

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