DerryNews.com, Derry, New Hampshire

November 7, 2013

Derry tax rate set at $31.49


Derry News

---- — DERRY — The town’s tax rate has been set and property owners will be paying more.

The average homeowner will see an increase of 3.3 percent in their tax bills, about $235 more for a home valued at $232,700.

Acting Town Administrator Larry Budreau said the new rate is $31.49 per $1,000 of assessed valuation, an increase of $1.01 from last year’s rate of $30.48.

Compared to last year’s numbers, the town services rate is unchanged, the combined school and state education rates increased 5.4 percent and the county rate went down 0.9 percent.

On the school side, $0.65 of the rate increase is due to a loss of about $1.5 million in state adequacy aid.

Salaries and benefits were primarily responsible for the remainder of the increase, including an increase in what Derry pays into the state’s retirement system.

Pinkerton Academy’s tuition rate also went up, but overall costs decreased due to lower enrollment at the high school.

The revised net taxable assessed valuation of the town for 2013 is $2,348,174,549, up from last year’s $2,331,939,161.

This is an overall increase in valuation of 0.7 percent, due to added property values from new construction and additions/remodeling totaling approximately $16.2 million.

Tax bills are scheduled to be in the mail by Nov. 8 and payment is due Dec. 10.