The property tax rate increased by $1.03 in Hancock this year.
The 2019 tax rate is $24.60, up from last year’s $23.57 per $1,000 assessed value.
The municipal portion of the tax rate increased 20.31 percent, from $5.81 to $6.99.
The county portion decreased 11.81 percent from $1.27 to $1.12.
The state school portion of the tax rate increased nine percent from $2.10 to $2.29, and the local education portion decreased from $14.34 to $14.20, or one percent.
The town’s overall valuation decreased .3 percent, from $250,841,642 to $249,978,341.
Under the new tax rate, a person with a home valued at $200,000 can expect to pay taxes of $4,920.