JAY — The tax rate for the 2015-16 fiscal year is expected to rise more than a dollar when selectpersons set the rate at a special meeting at 3:30 p.m. Tuesday, Sept. 1, at the Town Office. It will be the third year in a row that taxes have risen.
The rate for 2014-15 is $15.75 per $1,000 of property valuation. That was an increase of $1.75 over 2013-14.
“We anticipate the tax rate going up,” Town Manager Shiloh LaFreniere said Monday.
Typically, the town’s assessing agent, Paul Binette, provides selectpersons with three options, she said. She expects those options to all be in the range of $17 per $1,000 of value, she said.
The tax rate to be set Tuesday is based on the April 1 tax year.
It does not take into consideration the recent announcement by Verso Corp. that the company will shut down a paper machine, pulp dryer and eliminate about 300 jobs during the fourth quarter of this year.
The tax rate will include options of overlay amounts, she said. Overlay is used for tax abatements.
The board took $750,000 out of the town’s undesignated fund to help offset the rate increase, LaFreniere said.
“I would suggest they don’t take any money out of the fund this year,” she said.
Jay’s state valuation is $801.95 million this year — about a $217 million decrease — mostly attributed to the decrease in valuation of Verso’s Androscoggin Mill.
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.
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.
-
Community
Local students make Plymouth State University president’s list
-
Things to Do
Runnin’ Down A Dream to take stage at Somerset Abbey
-
175th anniversary
Looking Back on Jan. 30: ‘King to workers: It’s not over’
-
Dear Abby
Southern girl can’t abide husband’s preference for north
-
Horoscope
Capricorn: Step up and be the first to take a stance and make a difference. Aggressive action will drum up the help you need to get things done your way.