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Selectmen announce $4 drop in Plymouth's tax rate


November 07, 2018
PLYMOUTH ¬– On Monday evening, the Plymouth Board of Selectmen announced that this year's tax rate for the town has dropped $4.28 to $25.30 per thousand, which includes the new state and local school tax. A town official said Plymouth's latest evaluation came in at $54 million, which helped with the decrease in the tax rate.

Last year, taxes were up by $4 per thousand, so the town hard to bring that amount back down this time around. While the evaluation aided them somewhat in that process, the new tax rate is yet another 28-cents lower than last year's increase and still includes a $1 per thousand return to the Unreserved Fund Balance. They explained that the Department of Revenue Administration prefers for towns the size of Plymouth to try to maintain an Unreserved Fund Balance of at least $1.5 million. To offset some of last year's unexpected rise in the tax rate, the fund was depleted so selectmen are pleased they can now begin to build that emergency reserve back up to where it should be.

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