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Starksboro sees property tax increase

STARKSBORO — Educational and municipal property taxes are going up in Starksboro.
On July 21 the town selectboard set the 2020-21 municipal tax rate at 0.62.17 cents per $100 of assessed property value — an increase of  2.06 cents, or 3.4%.
This rate includes 0.1 cent to raise the amount granted as an exemption for disabled veterans.
The town’s residential education tax rate for fiscal year 2021 increased by 11.31 cents, or 6.9%, to $1.7544.
Starksboro’s nonresidential education tax rate increased by 10.49 cents, or 6.5%, to $1.7184.
The total property tax rate for Starksboro residents is $2.3761, an increase of 13.37 cents, or 6%.
The total nonresidential tax rate is $2.3401, an increase of 12.55 cents, or 5.7%.
Starksboro’s common level of appraisal (CLA), as reported by the Vermont Department of Taxes, decreased by 4.05 points to 94.74.
Residents paying on the full value of their property will see a tax increase of $133.70 per $100,000 of assessed value, and nonresidents will see an increase of $125.50.
Starksboro residents who pay based on their incomes are very likely to receive prebates for a portion of their school tax bills, and some will also receive municipal tax credits.
In 2019, nearly three-quarters of Starksboro residents received education tax credits, according to the Vermont Department of Taxes.
Last year, 415 of the town’s 574 house sites received credits totaling $548,068, or an average of $1,321.
In addition, there were 70 Starksboro recipients of municipal tax credits, which averaged $359.
The town iss planning to mail out tax bills this month.

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