The tax rate dropped by $3.10 in Francestown this year. The 2019 tax rate is $24.17, down from last year’s $26.74 per $1000 value.
Francestown underwent a town-wide property value reassessment this year, which raised the town’s overall property valuation about 12.5 percent to $216,499,435. “Without the revaluation, the tax rate would have increased… to about $27.28 in 2019,” wrote Town Administrator Jamie Pike.
“While the tax rate might be down 9.6 percent, property taxes are still up. Properties that had their assessed value raised at or near the average of 12.5 percent will see an increase in annual property taxes of about $45 per 100,000 dollars of valuation,” he wrote.
Under the new tax rate, a person with a home valued at $200,000 can expect to pay taxes of $4,834.
Pike wrote that the local school assessment increased by $137,500, the town by $32,000 and the state education tax by $6,000. The county assessment decreased by $3,000.
— By ABBE HAMILTON