Selectmen Set Property Tax Rate for 2018

The selectmen (Lloyd Wood, Bill Marcussen, and Chip Albee) lowered the local tax rate from $2.91 to $2.73 on Monday. However, Tuftonboro taxpayers’ total tax burden will rise 3.3% to $10.77 from last year’s rate of $10.43.

The tax rate is applied per $1,000 in assessed property value, so if your property is valued at $100,000, you will owe $1,077 for tax year 2018.

The rise in the overall rate is due entirely to a 20.5% increase in the tax rate for the Governor Wentworth Regional School District.

The selectmen were able to lower the local rate by taking $350,000 from the undesignated fund (money that was already raised through taxes in prior years but not spent). They are not lowering the tax rate in connection to a corresponding reduction to the town’s budget.

In addition to the local tax, the $10.77 total 2018 tax rate includes:

  • $4.23 for local education (Governor Wentworth Regional School District)
  • $2.43 for state education (UNH system, etc.)
  • $1.38 for Carroll County

The tax rate for local education is increasing 20.5% from $3.51 in 2017, while state education is decreasing 4.3% from $2.54 and Carroll County is also decreasing 6.1% from $1.47.

Published in Board of Selectmen
Max Ledoux

Author: Max Ledoux

I've lived in Tuftonboro since 2014. I grew up in Lisbon Falls, Maine (the Moxie capital of the world). I run If you'd like your own blog here, click the "Get Free Blog" link in the menu at the top of the page. Everyone is welcome to write about anything they like.

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