Quote:
Originally Posted by JEEPONLY
Are you saying the same thing that TiltonBB said in post #1?
Otherwise- a tax rate going down doesn't indicate an increase in spending- just the opposite.
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Due to a town wide revaluation, the net valuation (sum of all assessments) went up 14.6%. If all spending and other revenue stayed flat then the tax rate would go down by 14.6% to collect the same overall tax revenue as last year.
However the tax rate only went down by 6.9% so a lot more $$ will be collected.
With individual assessments going up more than the decrease in tax rate, average tax bills will be up.
If there had been no town wide revaluation then you would be correct that a decrease in tax rate would indicate decreased spending.