We have realized the Municipal Tax Explanation that appears on page 70 of the Town Report is not correct. The tax implications are correct, but the breakdown between General Fund and Highway are not. Please see the revised explanation below:
REVISED- Municipal Tax Rate Explanation
Below is a summary of the Tax rate computation worksheet that follows, breaking down the impact to the average homeowners’ actual tax bill.
Below is a summary of the Tax rate computation worksheet that follows, breaking down the impact to the average homeowners’ actual tax bill.
The proposed budgets will not increase the general fund municipal tax rate over last year, that budget is actually going down by $15,710, however the highway will see a tax revenue increase of $64,240 or a 4.8% which means a $15 increase to the overall tax bill for a resident with a home valued at $100,000.
If the voters choose to vote in the separate articles for reserves and social service funding this would be a $29 increase to the proposed budget above or a $44 increase to the overall tax bill for a house valued at $100,000; resulting in a 6.7 percent increase over last years total budget. The difference of $29 is allocated as follows: motorized fire apparatus reserve fund would add an additional $6.63, Fire equipment and gear reserve $1.65, police cruiser $2.48, highway $16.57 and social service agencies $1.70.
If you have not yet received your Weathersfield Town Report, please contact the Town Office at 802-674-2626
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