November 15, 2012WOLFEBORO — On Nov. 7 the New Hampshire Department of Revenue Administration (DRA) certified Wolfeboro's 2012 property tax rate. The new rate is $12.64 per thousand dollars of valuation, up 44 cents or 3.6 percent from 2011.
This means a property valued at $100,000 will pay $44 more in taxes and a house valued at $300,000 will pay $132 more in 2012. Wolfeboro sends out two tax bills a year. The first bill was for half of property taxes due based on the 2011 rate. The second bill, which will be mailed shortly, is for the balance due based on the 2012 rate after subtracting the first payment. In other words, the entire increase is due with the second payment.
The property tax rate is made up of four components: the town portion, the school portion, the state education tax portion and the county portion.
The town portion rose from $4.46 per thousand in 2011 to $4.71 per thousand in 2012, an increase of 25 cents or 5.6 percent. While significant, the increase is much lower than the 13.5 percent increase in the town rate from 2010 to 2011.
The Governor Wentworth Regional School District portion increased from 4.39 per thousand in 2011 to $4.48 per thousand in 2012, an increase of nine cents or 2 percent.
The state education tax went from $2.34 in 2011 to $2.40 in 2012, up six cents or 2.6 percent.
The Carroll County portion went up four cents, from $1.01 per thousand to $1.05 per thousand, or 4 percent.
Even after the 3.6 percent increase Wolfeboro will keep its status as a town with one of the lowest property tax rates in the state. In 2011 Wolfeboro was ranked 26th lowest tax rate in the state on an equalized assessment basis by the DRA. The lowest rate, at $1.13 per thousand, was Thompson and Meserve's Purchase in Coös County. Other area towns ranked lower than Wolfeboro in 2011 were Moultonborough (8th at $7.80 per thousand equalized valuation), Tuftonboro (13th at $8.72), Sandwich (22nd at $11.31) and Wakefield (24th at $11.91). Ranked higher were Alton (31st at $12.68), Brookfield (46th at $15.77), and Ossipee (48th at $15.83).
The 3.6 percent overall increase is also significantly less that the 10.5 percent jump from 2010 to 2011.