MONKTON — Tax rates are down this year for Monkton property owners.
At its Aug. 22 meeting, the Monkton selectboard set the municipal tax rate for calendar year 2016 at $0.4828 per $100 of assessed property value.
For residents, this brings the combined education-plus-municipal rate to $2.2900, close to 4 percent lower than last year’s rate of $2.3779. For nonresidents, this brings the combined education-plus-municipal rate to $2.2323, about 1 percent lower than 2015’s nonresident property tax rate.
For a Monkton resident, this year’s property tax rate would result in a reduction of $174.20 on a $200,000 home from last year’s taxes (though this doesn’t take into account those residents who get a prebate on their taxes based on their income).
Monkton’s common level of appraisal (CLA) rose from 85.63 to 87.74 percent.
“For the last several years our CLA has been going up, which is good news for Monkton,” Selectboard Chair Stephen Pilcher said in an email to the Independent. “Our last townwide reappraisal was in 2005, so in some senses the rising CLA indicates that housing prices are finally beginning to approximate what they were in 2005. We are doing a townwide reappraisal now with rates to take effect next year.”
Monkton residents are reminded that a second hearing on the revised zoning regulations will take place on Sept. 19, at the fire station. The next selectboard meeting will be on Sept. 12.
Reporter Gaen Murphree is reached at [email protected].