BETHEL – At its Sept. 24 meeting, the Board of Assessors adopted a tax rate of $15.50 per thousand dollars of taxable value for Fiscal Year 2004.
Town Manager Scott Cole said Friday that the new rate represents a 7.5-percent decrease from the previous mill rate of $16.75.
He attributed the $1.25 per thousand reduction to continued strong growth in the Bethel tax base along with very modest increases in county and school assessments.
Other factors included a net decrease in municipal assessment and heavy usage of the undesignated fund balance.
The new rate creates a total town levy of approximately $3.17 million, spread across $204 million in taxable property in Bethel, Cole added.
Tax bills should go out within two weeks, following completion of a software conversion project. To avoid interest charges, Cole said first payments must be postmarked or received by Nov. 14, 2003, and second payments by May 14, 2004.
For more information, contact the town office at 824-2669.
tkarkos@sunjournal.com
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