Castleton taxes go upJuly 29,2013By Lucia Suarez
CASTLETON — A slight increase in the municipal tax rate and a 7.8 percent increase in the state education tax rate means residents will pay nearly $117 more in taxes for the fiscal year that started July 1.
Town officials recently approved a residential tax rate of $1.97, which translates to a tax bill of $1,969.80 per $100,000 of assessed property.
This tax rate is an increase from $1.85 in fiscal year 2012.
The new non-residential tax rate is $2.02, which translates to a tax bill of $2,019.5 per $100,000 of assessed property value. This rate is an increase from $1.98 in fiscal year 2012.
The municipal tax rate — which includes amount to be raised by taxes in the budget and the local tax agreements — is $0.384, an increase from $0.382 in fiscal year 2012. This is a less than $2 increase to the tax bill.
The state education tax rate for residents is $1.59, an increase from $1.47 in fiscal year 2012. The non-residential tax rate is $1.64, an increase from $1.6 in fiscal year 2012.
These tax rates do not include the $750,000 bond approved for the renovation of the town hall nor the $1.5 million bond approved for the construction of a new fire station.
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