FARMINGTON — Selectmen lowered the town property tax rate Tuesday by 5 percent, to $15.75 per $1,000 of valuation, contrary to a March estimate that predicted the tax rate would increase this year.

The current tax rate is $16.60 per $1,000 of property valuation.

Town Clerk Linda Grant said the town was able to lower the rate because a revaluation is complete and and town’s total valuation of property increased by $54 million.

A town report in March originally estimated the property tax rate would increase to be $17.30 per $1,000 of assessed value.

Voters approved a $4.9 million budget, up 5.8 percent from the year before, at the March annual Town Meeting.

The tax rate comprises municipal, county and school district taxes. Taxes are due Nov. 1.

 


Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.

Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.