China selectmen in their capacity as the town’s Board of Assessors agreed unanimously on the 2019-2020 tax rate, which is $16.30 for each $1,000 of valuation, 50 cents per $1,000 higher than the previous year’s ($15.80 per $1,000).
The new rate was recommended by assessor William Van Tuinen and Town Manager Dennis Heath at the Aug. 28 assessors’ meeting. It is a compromise between the lowest rate needed to meet town obligations and the highest allowed under state law, by Van Tuinen’s calculation.
Balancing costs and revenues, China needs to raise almost $6.9 million from taxation. An absolute minimum tax rate would be $16.17 per $1,000; state law allows up to $16.98 per $1,000.
By town meeting vote, China taxes are due in two installments, the first by Friday, Sept. 27, 2019, and the second by Friday, March 27, 2020. The interest charged on late payments is nine percent annually, beginning immediately after each due date.
Heath said the increase for 2019-2020 is due to a higher school budget. He calculated the school budget at almost three-quarters of total spending from taxation.
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