BRISTOL — Mount Abraham Unified School District (MAUSD) has discovered that the tax estimates it originally released at a Jan. 20 budget forum were incorrect due to an accounting error.
The Bristol-area district’s 4-cent tax-rate discount awarded for agreeing to unify was erroneously included on two separate spreadsheets while calculating those rates, said district Business Manager Floyd Davison.
MAUSD officials estimate if the voters on Town Meeting Day back the $31.4 million spending proposal and a $250,000 reserve fund, thus applying $500,705 from the surplus, tax rates could increase by a range of roughly 5.8% to 8.2% once Common Levels of Appraisal (CLAs) are applied to account for how town-wide assessments compare to fair market value, per state calculations.
•  Bristol’s school tax rate would rise by about 13.2 cents, or 8.2%, to $1.7418 per $100 of assessed property value.
For the roughly one-third of taxpayers who pay solely on the value of their homes, the increase would add about $132 of taxes per $100,000 of assessed value.
Bristol’s CLA is 96.6%, which added to the rate.
•  Lincoln’s school tax rate would rise by almost 9.7 cents, or 6.5%, to $1.5896.
For the roughly one-third of taxpayers who pay solely on the value of their homes, the increase would add almost $97 of taxes per $100,000 of assessed value.
Lincoln’s CLA is 105.85%, which lowered the rate.
•  Monkton’s school tax rate would rise by about 9.6 cents, or 5.8%, to $1.7507.
For the roughly one-third of taxpayers who pay solely on the value of their homes, the increase would add about $96 of taxes per $100,000 of assessed value.
Monkton’s CLA is 96.11%, which added to the rate.
•  New Haven’s school tax rate would rise by almost 10.2 cents, or 6%, to $1.7994.
For the roughly one-third of taxpayers who pay solely on the value of their homes, the increase would add almost $102 of taxes per $100,000 of assessed value.
New Haven’s CLA is 93.51%, which added to the rate.
•  Starksboro’s school tax rate would rise by almost 13.5 cents, 8.2%, to $1.7760.
For the roughly one-third of taxpayers who pay solely on the value of their homes, the increase would add almost $135 of taxes per $100,000 of assessed value.
Starksboro’s CLA is 94.74%, which added to the rate.