WOODSTOCK – Selectmen on Tuesday set the fiscal 2009 property tax rate at $12.65 per $1,000 of valuation, the same as this year’s charge.

According to Town Manager Vern Maxfield, a lower property tax value due to depreciation and a lower than expected school assessment from SAD 44 allowed the action.

“We can have a flat no increase in taxes this year, which means people will be getting the same tax bill this year as they did last year,” Maxfield said.

He said the town will have an overlay of $56,000 to use for emergency funding.

Maxfield said the SAD 44 assessment is up $2,000, lower than anticipated. The assessment totals $868,825 for school year 2008-09.

He said tax bills will be in mailed out in the next few days.

Maxfield announced that he has received the 2008 Maine State Urban/Rural Initiative Program reimbursement in the amount of $44,588. The money will go into the town’s tar account as the state requires the funds to be used for capital improvements.

“By using the money for reclaiming and resurfacing roads we are well within the state guidelines for using URIP funds,” Maxfield said.

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