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Addison & Ferrisburgh homeowners see lower property tax rates

VERGENNES — Officials in the towns of Addison and Ferrisburgh are preparing to send out property tax bills that contain lower levies on homes, but raise rates for owners of non-residential real estate.

Overall rates include the cost of funding town services in municipal levies that are identical for both residential and non-residential taxpayers and are included in all tax bills.

The cost of funding the Addison Northwest School District is covered in homestead and non-residential rates that are different for each category of taxpayer.

Homeowners in Addison are seeing decreases of about 2.8 cents in their overall rate, or roughly $28 less per $100,000 of assessed value, assuming they pay on the full value of their properties.

Homeowners in Ferrisburgh are looking at an overall drop in their rate of about 4.7 cents, which translates to $47 less in taxes per $100,000 of assessed value, assuming they pay on the full value of their properties.

Because of the state education funding law, about two-thirds of Vermont homeowners pay property taxes based on their income, not on the assessed value of their homes. They receive prebates that often range into four figures.

Owners of non-residential property — a category that includes commercial and rental property and second homes — are seeing at least modest tax increases.

They range from 3.24 cents more on rates in Addison to 4.83 cents more in Ferrisburgh.

The Addison selectboard dropped that town’s municipal rate by a little less than a penny, while Ferrisburgh’s board added less than a penny to that town’s municipal rate.

Final district homestead school tax rates ran close to those estimated by ANWSD officials in January. In general, they ended up about 1 cent higher than preliminary calculations.

Details by community are as follows:ADDISON

Addison’s 2021-2022 residential rate is $2.1287 per $100 of assessed property value, a decrease of 2.82 cents, or about 1.3%, from the previous rate of $2.1569.

Those paying on the full value of their home will pay about $70 less on a $250,000 property.

Of that rate, 43.58 cents supports municipal services, a decrease of 0.63 cent. 

The balance of $1.6929 funds ANWSD operations, a decrease of 2.19 cents.

Addison’s 2021-2022 non-residential rate totals $2.0656 per $100 of assessed property value, an increase of 4.83 cents, or about 3.5%, from the previous rate of $2.0173.

Of that rate, $1.6298 goes toward ANWSD operations, an increase of 5.46 cents, or 3.5%.

Addison’s non-residential property tax payers will pay another roughly $48 per $100,000 of assessed value.FERRISBURGH

Ferrisburgh’s 2021-2022 residential rate is $2.0352, a decrease of 4.73 cents, or about 2.8%, from the previous rate of $2.0825.

Those paying on the full value of their home will pay about $118 less on a $250,000 property.

Of that rate, 33.05 cents supports municipal services, an increase of 0.77 cent. 

The balance of $1.7047 funds ANWSD operations, a decrease of 5.5 cents.

Ferrisburgh’s 2021-2022 non-residential rate totals $1.9717, an increase of 3.24 cents, or about 1.7%, from the previous rate of $1.9393.

Of that rate, $1.6412 goes toward ANWSD operations, an increase of 2.47 cents, or 1.5%.

Ferrisburgh’s non-residential property tax payers will pay another roughly $32 per $100,000 of assessed value.

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