DERRY — The tax bills have been mailed.
The town of Derry announced that preliminary real estate tax bills for 2014 have been sent to residents.
This bill is the first of two billings for the 2014 tax year. Payment is due by July 1.
The bills are computed using a taxpayer’s current assessed valuation multiplied by one-half of last year’s tax rate, $31.49 per $1,000 of valuation.
Any payment made after the due date will be subject to interest at 12 percent per annum by state law.
The final tax bill for the year will be mailed in the fall once the 2014 tax rate has been set by the State of New Hampshire Department of Revenue Administration.
That bill is typically due by Dec. 1.
On the back of the tax bill, residents will find information on elderly exemptions, veteran credits, and elderly and disabled deferral programs the town makes available.
The Department of Revenue Administration also has a program to assist low- and moderate-income homeowners with a property tax relief initiative. This state-run program has specific information available by calling 230-5000 or visit derry-nh.org.
The last day to file for this type of tax relief for the 2013 tax year is June 30, 2014.
Anyone needing information can call the town assessing office at 432-6104.