Most local property tax rates will increase in 2013
The property tax rate in Boscawen will increase by 28.55 percent this year, the most dramatic jump so far as the state continues to finalize rates for communities.
The 2012 property tax rate in Boscawen was $21.05 per $1,000 of assessed property value. That rate has spiked to $27.06 per $1,000 of assessed property value.
Town Administrator Michael Wright said the increase is due in part to a more than 15 percent drop in the assessed value of all taxable property in the town, which was recalculated for 2013 because the town must reassess its property every five years.
The assessed value of the town dropped from $278 million in 2012 to $233 million in 2013.
Even though the assessed property value for most Boscawen residents will be lower, Wright said tax bills could be higher to offset costs incurred by local schools.
“In general, the taxes are going to go up,” Wright said. “There was a re-evaluation of the current property this year that won’t offset the fact that the (SAU) has increased costs.”
According to the Department of Revenue Administration, property tax rates in most other towns are increasing modestly. In Henniker, the property tax rate is up about 6 percent – from 2012’s $28.61 per $1,000 to $30.34 per $1,000.
The 2012 property tax rate in Hopkinton was $28.19 per $1,000. That rate has increased almost 2 percent to $28.74 per $1,000.
In Salisbury, a 0.62 percent increase brought the property tax rate to $24.30 per $1,000. The 2012 rate was $24.15 per $1,000.
Warner’s 2012 property tax rate was $25.24 per $1,000. Now it is $26.02 per $1,000 – a 3.09 percent increase.
In Weare, the rate increased 4.72 percent from $20.77 per $1,000 to $21.75 per $1,000 in 2013.
The only local town with a decrease in its property tax rate so far is Dunbarton. The rate was $21.37 per $1,000, and is now $21.01 per $1,000. That is a 1.68 percent decrease.
The rate in Pembroke remained unchanged at $26.84 per $1,000.
The state has not yet officially set the tax rate in Bow, but based on the town’s submission to the Department of Revenue Administration, Town Administrator David Stack has estimated it will increase 4.16 percent to $30.28 per $1,000. The 2012 rate was $29.07 per $1,000.
The state sets tax rates for the towns on a rolling basis as they submit their required documents.
(Megan Doyle can be reached at 369-3321 or email@example.com or on Twitter @megan_e_doyle.)