Property values down, Rollinsford tax rate up 20 percent
On Nov. 13, the N.H. Department of Revenue Administration set the town's overall tax rate at $26.94 per $1,000 of local valuation. That is $5.38 - or 20 percent - greater than last year's rate of $21.56.
Although the town underwent its five-year assessment in 2010, Jansen said the state conducted another revaluation since there were issues with some of the equations.
As a result, the overall valuation of the town decreased by $38,999,711 - or 17.6 percent - from $260,627,965 to $221,628,254.
"It is a drastic change," Jansen said, adding for the most part, land values went down while the value of buildings rose.
As a result of the error, Jansen said the town will be revaluated again in 2017.
The tax rate is broken down as follows: $3.65 for the town, $17.34 for local schools, $2.84 for state schools and $3.11 for the county.
Last year, it was $2.75 for the town, $13.68 for local schools, $2.49 for state schools and $2.64 for the county.
"You still have to collect the same revenue," Jansen said, adding the average taxpayer will have to pay $6.38 more for property taxes...