The New Ipswich tax rate is up by about $1.81 per $1,000 of value this year, with increases in municipal and local education being the biggest factors.
The total tax rate for New Ipswich for the coming year is $17.03 per $1,000 of value, compared to $15.22 in the current year.
The municipal rate is set this year at $2.65, which is a 41-cent increase from the previous municipal rate of $2.24.
During a recent meeting, the Select Board voted to use $355,303 of the town’s unreserved fund balance to lower the tax rate. Without using any unreserved funds, the municipal portion of the tax rate would have been $3.05.
After lowering the tax rate, the town retains about 10% of its total operating budget in the unreserved fund balance, which has been the practice. The unreserved fund can be used for emergency situations such as disasters or unexpected expenses, with approval of the state.
The local education tax rose from $11.12 in 2025 to $12.39 in the coming year. The state education rate this year will be $1.04, the only portion of the tax rate to drop, compared to the previous year’s rate of $1.08.
The county tax portion rose from 78 cents to 95 cents.
A home valued at $400,000 in 2025 would have paid $6,088 in taxes in the past year. The same house, if valued the same, can expect to pay a total of $6,812 in the coming year.
Ashley Saari can be reached at 603-924-7172 ext. 244 or asaari@ledgertranscript.com. She’s on X @AshleySaariMLT.