TOWN OF NEWMARKET TAX RATE SET AT $25.45

TOWN OF NEWMARKET TAX RATE SET AT $25.45

An increase of $0.49 over the Previous Year.

October 17, 2016:  Newmarket Town Administrator Steve Fournier announced today that the State of New Hampshire Department of Revenue Administration (DRA) has set the Property Tax Rate for the fiscal year ending June 30, 2017 for the Town of Newmarket. The Tax Rate is $25.45, an increase of $0.49 per thousand of assessed valuation or 2%.

The following is a breakdown of that rate:

 

 

FY2016

 

FY2017

 

Difference

Town

$

6.02

$

6.24

$

+0.22

Local School

 

15.41

 

15.72

 

+0.31

State School

 

2.46

 

2.40

 

-0.06

County

 

1.07

 

1.09

 

+0.02

Total

 

24.96

 

25.45

 

+0.49

 

In comparison to FY2016, the FY017 Town portion of the Tax Rate was increased by 3.7%, the combined School and State Education Rates increased by 1.4% (2% for Local School, and -2.4% for State Education), and the County portion increased 1.9%.

The Town Clerk - Tax Collector is in the process of preparing the bills now. That office is anticipating the bills to be issued shortly. Tax bills will be due in December 1, 2016.

The Town Administrator encouraged those that may have a question on their bill to call the Town Clerk - Tax Collector at (603) 659-3073 ext. 4070.

The Town Administrator encouraged those that may have a question on their property value, to contact the assessor at (603) 659-3073 ext.1313.  He noted the assessors are available on Tuesdays from 8AM to 4PM.