LIVERMORE – The select board voted unanimously to raise the tax rate by 15 cents per $1,000 of valuation to make it $13.95 compared to $13.80 last year.

It is about a 1 percent tax increase, selectpersons Administrative Assistant Kurt Schaub said Tuesday.

The board had the option of setting the rate between a maximum of $14.52 or a minimum of $13.83.

Property valued at $100,000 would see a $10 increase, not factoring in any exemptions, he said.

The board set the tax rate Thursday night.

Traditionally the board goes for an overlay of $15,000 to $20,000, Schaub said, and this year settled on $18,253.25, which is used for abatements.

The town’s taxable real estate valuation is $132.9 million and its taxable personal property valuation is $15.2 million.

Appropriations are $161,204 for county taxes, $1.1 million for municipal operations and $1.5 million for school/educational operations. Revenues anticipated are $752,121.

The amount to be raised by taxation is $2.1 million.

The state certified the town’s valuation at 96.8 percent, which will reduce the primary residence owners’ Homestead Exemption to $12,584 from $13,000, Schaub said.

Properties have grown in value but assessments have not changed, so according to the state, exemptions had to be adjusted, he said.

The town had a revaluation four years ago and it is not necessary to have another one at this time, Schaub said, but he expects the board will have to make some decisions on how to bring the property assessments up closer to fair market value.