MEXICO — A special town meeting is set for 6 p.m. Tuesday to vote on whether to use $130,000 from surplus to offset property taxes.

The meeting will be held in the Calvin Lyons Meeting Room downstairs in the Town Hall.

On Aug. 21, selectmen voted unanimously to support Town Manager Jack Gaudet’s recommendation to set the 2018-19 tax rate at $29.20 per $1,000 of assessed property value, an increase of 70 cents from last year.

Gaudent said the reason for the rate hike is because the Regional School Unit 10 assessment to Mexico went up $120,682 for 2018-19 and the town budget was cut by $26,445.

Board Chairman Richie Philbrick said residents would need to approve allocating $130,000 from the $202,000 in the undesignated fund balance to support the higher tax rate.

“What’s that going to look like for someone with a $75,000 house, with this increase?” Selectman Reggie Arsenault asked.

Selectman T.J. Williams said it would be $52.50.