November 21, 2012COUNTY — It's that time of the year, when the state's Department of Revenue Administration (DRA) certifies final 2012 tax rates for all cities and towns in the state and taxpayers learn what their total property taxes for the year will be.
Newcomers find it odd that in New Hampshire voters do not approve their operating budgets until the second Tuesday in March and that final property tax bills are not sent out until the year is nearly over, but that's the way it's done. Our area towns all send out semi-annual tax bills: first bill sent out in May or June is based on current assessed value but with last year's tax rate; the second or final bill with a rate certified by DRA is sent out in November or December.
Last week we reported on Wolfeboro's 2012, which increased by 3.6 percent from 2011.
This week we report the rates for Brookfield and Wakefield.
In Brookfield the 2012 rate is $17.14 per $1,000 of valuation, up $1.41 or 9 percent from the 2011 rate of $15.73. Of the four components of the total rate, the town portion was up the most, increasing from $3.89 per thousand to $4.42, up 53 cents or 13.6 percent.
Next highest increase was in the local school tax, which rose from $8.38 per thousand to $9.30, an increase of 92 cents or 11 percent.
The state school tax component actually went down, dropping from $2.47 per thousand to $2.38, a decrease of 9 cents or 3.6 percent.
Finally the Carroll County rate went from 99 cents to $1.04 per thousand, in increase of 5 cents or 5 percent.
The Brookfield rate increase means that a taxpayer with a home assessed at $100,000 will pay $141 more in property taxes and one with a home valued at $300,000 will pay $342 more.
In Wakefield the 2012 rate is $11.95 per $1,000 of valuation, down two cents or 0.2 percent from the 2011 rate of $11.97.
The town portion dropped from $2.95 per thousand in 2011 to $2.66 in 2012, down 27 cents or 9.2 percent.
The local school tax rate went up, from $5.57 per thousand in 2011 to $5.93 in 2012, an increase of 36 cents or 6.5 percent.
The state school tax component decreased from $2.48 per thousand in 2011 to $2.32 in 2012, a drop of 16 cents or 6.5 percent.
Finally the Carroll County rate went from 97 cents per thousand to $1.04, in increase of sent cents or 7.2 percent.
The Wakefield rate decrease of two cents means that the owner of a $100,000 property will be $20 less and the owner of a $300,000 property will pay $60 less.