RUMFORD — Tax bills going out by week’s end will show no increase from the rate paid for 2010-11.
Town officials set the tax rate on Tuesday at $22.50 per $1,000 valuation for fiscal year 2011-12.
“It didn’t go up,” Town Manager Carlo Puiia said afterward.
“We kept the tax rate at 22.5 mills, so people will not see an increase in their property taxes and some will see a small decrease, because the homestead exemption is slightly higher.”
Puiia said the certified ratio of Rumford’s assessment is 83 percent this year. That means the town’s valuation is 83 percent of its true value.
“It climbed slightly, enough to allow us to have a larger homestead exemption and a larger veterans exemption,” he said.
Unlike Dixfield and Mexico, which are at 100 percent of their true value due to recent revaluations, Rumford hasn’t done a revaluation since 1999.
“But we’ve seen the valuation of properties decline, so our valuation has gone back up,” Puiia said. “Seventy percent is the threshold.”
With the same tax rate as last year, he said the average Rumford resident will pay $1,377.95 per household.
Of that, $706.48 will go for municipal services, $609.74 goes to education, $41.75 goes to county taxes, and $19.98 goes to initiated articles.
“Between last year and this year, it’s comparatively almost the same numbers,” Puiia said.
Copy the Story LinkSend questions/comments to the editors.
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
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.