Tax rate reduced, tax bills coming

NH Business Review Staff,

GREENVILLE- According to Tax Collector Kathleen Valliere, “People are going to be ecstatic when they open their tax bills.”

That emotion will be caused by a tax rate that has dropped about $39 per $1,000 valuation, a drop caused by revaluation of the town from an equalized ratio of about 50 percent to about 100 percent. While the tax rate is much lower, not everyone will be paying less in taxes.

The new rate of $14.78 breaks down to town, $5.48; local schools, $6.44; state schools, $2.01; and county, $85. Last year the rate was $53.88, breaking down to town, $16.07; local schools, $28.54; state school, $7.40; and county $1.87.

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Manchester property values jump nearly 50%

The value of all property in Manchester increased by almost half — 48% ‑ over the past five years, according to preliminary data released by city officials on Oct. 13 The valuations, compiled due to a citywide revaluation, add up to $23.09 billion. The current value of city properties is $15.56 billion, which was based on assessments made during the city's last revaluation.