Thread: Property taxes
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Old 12-03-2020, 07:40 AM   #10
smith point boater
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Tax rate detail (TY vs LY):

Municipal $4.25 vs 3.21 +32.4%
School $6.41 vs 5.95 +7.7%
State $2.02 vs 2.07 - 2.4%
County $1.27 vs 1.28 -----

Assume Municipal is "town spending" - Not sure what we got for our money. And believe me I understand that this years revenue cannot be less than LY for the town to continue to run (nor do I not expect a rate or assessment increase annually but 11.5% total?) With all the new multiple multi million dollar homes that have been built or renovated (and I'm not begrudging anyone for building them) one could assume that if properly assessed and taxed these would have covered much of the needed increase without a rate increase
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