GREENE – Tax bills based on the town’s new $306 million property value should begin hitting mailboxes Tuesday.

Town Manager Charlie Noonan said the town would begin mailing tax bills to 2,275 property owners Monday.

“This shouldn’t come as any surprise to anyone,” Noonan said. “We mailed the revaluation notices to everyone in June, and that kind of let everyone know what they’d be paying.”

It was the first townwide revaluation since 1992, Noonan said. It increased Greene’s overall property value from $199 million to $306 million. That reduced the town’s property tax rate from $17.60 per $1,000 of value to $11.90.

“Property values pretty much stayed stagnant, until the real estate boom hit,” he said. The town began the revaluation in 2007.

Many residents will see their property tax bills decline. Noonan said the property values in most areas of the town kept pace, but said shoreline homes along Sabattus and Allen ponds will pay more this year.

“It does show a shift from other parts of town to the pond properties,” Noonan said.

Property taxes are due by Oct. 27, and the town begins charging interest on unpaid balances on Oct. 28. But Noonan said people who pay their taxes before Sept. 4 get a 5 percent discount.

“That’s something we’ve done for quite a few years, and we get a lot of people stepping forward to take advantage of that,” he said.