flag image

Wakefield tax rate up 28 cents or 2.4%

Selectmen had planned for a flat rate, but revenues fell short

November 17, 2011
WAKEFIELD — At their Nov. 9 regular meeting Wakefield selectmen announced the Wakefield property tax rate for 2011, which had just been certified by the N.H. Department of Revenue Administration.

The rate for 2011 is $11.97, up 28 cents or 2.4 percent from the 2010 rate of $11.69 per thousand dollars of valuation. A property valued at $100,000 will incur an additional $28 in property taxes. For a $300,000 property the increase will be $84.

The property tax rate is made up of four parts. The town portion, covering the operating expenses of town government, rose from $2.77 in 2010 to $2.95, up 18 cents per thousand or 6.5 percent. The local school portion increased from $5.33 in 2010 to $5.57, up 24 cents or 4.5 percent.

The other two parts of the tax rate went down: the state school tax dropped from $2.50 to $2.48 per thousand (two cents or less than one percent) and the Carroll County portion fell from $1.09 to 97 cents (12 cents or 11 percent).

"This was very disappointing," said Selectman Mark Duffy, "because we had actually reduced the operating budget for 2011."

"Revenues were down by $227,000," explained Town Administrator Teresa Williams. The drop in revenue came from just about every source, including car registrations and fees. Even with reduced expenses the lower revenue forced a rate increase.

Selectmen also announced that they were nearly finished with the 2012 budget. A final review of insurance and warrant articles was scheduled for Tuesday evening at 6:30 p.m. Once completed the town budget will go to the Budget Committee for review.

The board also set the date for the Deliberative Session on the town warrant and budget for Saturday, Feb. 4.

Town and school elections will be held on the second Tuesday in March, on March 13, 2012.

The school board has already set Thursday, Dec. 15, for a presentation on its proposed budget to the Budget Committee, with public work sessions set for Monday, Dec. 19 and Thursday, Dec. 22.

AJ Coleman
Varney Smith
AB Logging
Thanks for visiting SalmonPress.com