Taxes cut in Pelham by 6.3% with fire station now paid off
PELHAM — Good news for Pelham homeowners, as they will see a 6.3 percent reduction in the town's 2013 tax rate.
The New Hampshire Department of Revenue Administration recently set the 2013 tax rate at $22.87 per $1,000 of valuation, which is a decrease of $1.53 from the 2012 tax rate of $24.40.
With the average Pelham home assessed at $292,000, this translates to a reduction of $447 for the average homeowner on their 2013 tax bill.
The $22.87 tax rate includes the town rate at $6.48, down from $7.49; the school rate at $12.71, down from $13.26; the state education rate at $2.47, down from $2.49; and the county rate at $1.21, up from $1.16.
The decrease in the town tax rate is largely the result of the town's new fire station being paid off. Selectmen had stated that the funding of the station at a dollar on the tax rate would be a one-time expense. Moving forward, there are no further bond or interest expenses associated with the fire station.
The net assessed value of property the 2013 tax rate is based upon is $1,399,678,318, up 0.12 percent from the 2012 valuation of $1,383,822,264.
Anyone with questions about the tax rate is encouraged to call the selectmen's office at 508-3074.