action:frontpage | category:NEWS06 | adString:N/A | zoneID:17

Home » News » Politics

November 15. 2012 9:31PM

Wolfeboro's property tax rate increases by 44 cents

WOLFEBORO - Just in time for Thanksgiving, the town's property tax rate has been set and homeowners can expect their tax bills late this week.

The New Hampshire Department of Revenue Administration certified Wolfeboro's 2012 property tax rate on Nov. 7.

The new rate is $12.64 per thousand dollars of valuation, an increase of 44 cents or 3.6 percent from 2011. Last year, the town's tax rate ranked as the 26th lowest in the state, according to tax collector Brenda LaPointe.

This year's ranking is as yet unknown as other towns are in the midst of having tax rates certified.

As an example of tax impact, a home valued at $200,000 will pay $88 more in taxes.

The increased tax due will be included in the tax bills that will be mailed on Nov. 16 and due to the tax collector by Dec. 18.

LaPointe noted that an option available to taxpayers for the last couple of years is to pay by credit, debit card or electronic check online through the town's website.

Taxpayers can also just mail or drop off payments to the tax collector's office. A convenience fee does apply.

The four portions of the property tax rates include the town portion, school portion, state education tax portion and the county government portion.

This year, the town's portion rose by 25 cents to $4.71 per thousand; the Governor Wentworth Regional School District rate rose by nine cents to $4.48 per thousand; the state education portion rose six cents to $2.60 per thousand; and the county tax portion rose by four cents to $1.05 per thousand.

This year's increase to the town's portion is lower than last year's 13 percent jump in the rate.

Property taxes are billed semi-annually in Wolfeboro, with the first bill based on one-half of the previous year's tax rate.

According to the tax collector's advisory, if there is a change in the assessed valuation of the property since the previous bill was issued, the bill is based on the new appraisal.

The tax rate is set in the fall of each year, and the second bill uses the new tax rate multiplied by the property's assessed value less any payments made on the first bill.

Payments made after the due date are subject to 12 percent interest each year.

- - - - - - - -


Larissa Mulkern may be reached at LMulkern@newstote.com.


Sorry, no question available

 New Hampshire Events Calendar
    

    SHARE EVENTS FOR PUBLICATION, IT'S FREE!

Upcoming Events

 New Hampshire Business Directory

  

    ADD YOUR BUSINESS TODAY!