Warren, Waitsfield and Fayston have set their 2016 property tax rates and tax bills have been sent. Moretown and Duxbury will set their rates in the coming weeks.
Total tax rates, per hundred dollars of assessed value in Warren this year, are $2.02 for homesteaders and $1.99 for nonresidents. Last year total rates were $1.94 for nonresidents and $1.92 for residents.
This year Warren’s municipal rate is 46 cents, up from last year’s 42 cents. The nonresident education tax rate this year is $1.53, compared to last year’s nonresidential education rate of $1.52. The homestead rate this year is $1.56 and last year it was $1.50.
Waitsfield voters will see a slight increase in their municipal tax rate, but that is compounded by increases in education tax rates. The total tax rate for 2016 for homesteaders is $1.97 and $1.84 for nonresidential. Last year totals were $1.88 for homesteaders and $1.77 for nonresidential. In 2014, the totals were $1.90 for homesteaders and $1.83 for nonresidential.
Waitsfield’s municipal tax rate this year is 35 cents, up from 2015’s rate of 34 cents, yet down from the 2014 rate of 42 cents. The education tax rate for residents this year is $1.61 for homesteads and $1.48 for nonresidential. Last year the residential education rate was $1.54 and nonresident rate was $1.42. In 2014, the residential education tax rate was $1.48 and the nonresidential rate was $1.41.
Waitsfield is raising $1,326,263 from taxes for municipal operations, for a total town budget of $2,012,346. Nontax revenue of $541,437 plus cash on hand of $144,646 reduces total budget to the amount to be raised by taxes.
Fayston’s total tax rate for homesteaders this year is $1.80, down from last year’s homestead rate of $1.83. The rate for nonresidential properties this year is $1.67, down from last year’s rate of $1.70.
The Fayston education tax rate for residential properties is $1.58, down from last year’s $1.59. The nonresidential education tax rate is $1.45, down from last year’s rate of $1.46. Fayston’s municipal rate this year is 22 cents, down from last year’s rate of 24 cents.
Fayston town clerk Patti Lewis provided Fayston’s tax rates going back to 2004. In 2004, the total tax rate was $1.37 for residents and $1.43 for nonresidential properties. The municipal rate was 23 cents and the education tax rate for residential properties was $1.14 and the nonresidential rate was $1.20.
Fayston’s municipal rate has been consistent: 23 cents in 2004, 22 cents in 2005, 21 cents in 2006, 22 cents in 2007, 28 cents in 2008, 26 cents in 2009, 18 cents in 2010, 17 cents in 2011, 18 cents in 2012, 19 cents in 2013, and 23 cents in 2015.