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Gilford tax rate drops 83 cents


November 26, 2020
Gilford's tax rate is now set and shows an 83 cent decrease from last year, though the town's value has increased over eight percent after a town wide revaluation.

The town announced on Thursday that the Department of Revenue Administration set the 2020 tax rate and issued a statement outlining this year's rates and changes.

The total tax rate is $15.03 per $1,000 in assessed valuation, an 83 cent decrease from 2019.

The municipal portion of the tax rate is $1.84 per $1,000 in assessed valuation, which decreased four cents or .2 percent from last year.

Local education is $7.42 per $1,000 in assessed valuation, dropping 69 cents or 8.5 percent from 2019.

The portion to Belknap County is $1.12 per $1,000 in assessed valuation, a nine cent (7.4 percent) decrease.

State education is $1.84 per $1,000 in assessed valuation, a penny less than 2019 (2.1 percent).

The tax rate for the Gunstock Acres Village Water District has more than doubled from last year. In 2020 it will be $1.33 per $1,000 in assessed valuation, an increase of 70 cents or 111 percent from 2019.

Gilford recently underwent a townwide statistical revaluation, which resulted in a valuation increase. The town's valuation is now $2,032,075,540, an 8.5 percent increase from the previous valuation.

Tax bills are expected to be in the mail sometime in the last week of November with a projected due date of Dec. 31.

During the Nov. 4 selectmen's meeting, Town Administrator Scott Dunn said the tax rate process had been delayed and there were concerns that it wasn't going to be set before Dec. 1. Dunn said employees from the Department of Revenue Administration have been working from home and was likely setting the tax rate wouldn't be a smooth process. He said the town provided the DRA with its information months ago and it hadn't been checked off as of the beginning of November.

The board also voted to notify taxpayers ahead of time about the valuation increase and its potential impact to their taxes.

Town of Brookfield
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