WOODSTOCK — Taxes on a $100,000 home would increase if a cost-sharing formula for School Administrative District 44 is approved by voters.
The formula is based 100 percent on property value. Under the proposed change for 2017-18 and 2018-19, it would shift to 90 percent property value and 10 percent student enrollment, hiking taxes on a $100,000 home by $24.
In 2019-20 and thereafter, an 85/15 percent split is proposed, which would raise taxes $23 more a year on a $100,000 property.
Town Manager Vern Maxfield said he thinks it’s going to be a lot of additional expense for taxpayers and the formula should stay as is.
“As I see it, it just gives the Newry second and third homeowners a break on taxes at the expense of other towns,” he said.
Newry Selectman Jim Largess said Newry is not the only town with second and third homeowners.
“I think that although we do have a bunch of second homes in Newry, we’re not alone in that number. All three of the other towns have a significant number of second homeowners. I get it, it’s real, but we’re not the only town with second homeowners,” he said.
emeisner@sunmediagroup.net
Send 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.