Goffstown lowers residential tax rate
GOFFSTOWN — This year’s tax rate has been lowered after both town and school officials noticed a significant increase when it was set late last month.
The residential tax rate is now $27.42 per $1,000 of assessed valuation. It was originally set at $27.81 at the end of October.
That means that an owner of a $300,000 house will see a $297 increase to their bill rather than one just over $400.
This rate is $0.99 cents more than last year’s.
Both town and school officials met with the state’s Department of Revenue Administration to work on setting a new tax rate after noticing the significant increase in the initial calculation.
The cause of this came from an error made by the school district.
Officials had counted the roughly $1.5 million from grant funding and food services as revenue only, when it should have been counted as an expenditure as well.
“I accept full responsibility for this calculation error made in the anticipated tax rate and apologize to the School Board, the Budget Committee, the Board of Selectmen, and the community as a whole for this unfortunate error,” said SAU 19 Superintendent Brian Balke. “Had we had the correct 2017 tax rate projection, the School District could have taken steps to reduce the increase to the tax impact for 2017.”
Officials said they have made changes to ensure that this doesn’t happen again.
“While we recognize that mistakes can occur, it is extraordinarily important to us that we receive the correct information with which to inform our decisions and also that the information we convey to the public is likewise accurate,” said School Board Chair Dian McCarthy. “To that end, we have put new processes in place to ensure that such an error will not occur again.”
Through the work with the DRA, the school portion of the tax rate was dropped from $15.02 to $14.63. During budget season, it was estimated to be $14.19.
Tax bills will be sent out in the coming weeks.