NEW HAVEN — The New Haven selectboard has set the 2019 municipal tax rate at $0.4193 per $100 of assessed property value, a 44.5 percent increase over last year.
Over a three-year period, however, the increase amounts to only 7.5 percent. In 2016 the municipal tax rate was $0.3902, then decreased two years in a row.
Much of this year’s increase can be attributed to voter-approved road projects, said Town Treasurer Barb Torian.
The town’s residential education tax rate for fiscal year 2020 increased by 6.5 percent to $1.6978, in part because this year the Mount Abraham Unified School District is not receiving the one-time tax discount of $0.08 it received last year as part of Act 46 school consolidation incentives.
The nonresidential education rate increased by 2.2 percent to $1.6691.
The total property tax rate for New Haven residents is $2.1171, a 12.3 percent increase. The nonresidential overall rate increased by 8.5 percent to $2.0884.
New Haven’s common level of appraisal (CLA), as reported by the Vermont Department of Taxes, decreased by 1.2 points to 95.5.
New Haven residents paying on the full value of their property will see an increase of $232.60 per $100,000 of assessed value. Last year they saw a $65 decrease.
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.
New Haven tax bills were mailed on July 11, and taxes are due the first of October.