By DAVID CARKHUFF/THE LACONIA DAILY SUN
BELMONT — An owner of $200,000 in property can expect to pay $66 a year more to support next year's town budget, based on proposed tax revenues of $5.61 million in the 2017 budget.
The overall tax rate currently is $28.83 per $1,000 in assessed valuation, so the town rate only makes up part of this bill, said Town Administrator Jeanne Beaudin. The proposed town share is budgeted to increase to $9.88 per $1,000 in assessed valuation, said Beaudin.
Assessed valuation, one of the factors behind property tax bills, could rise from $595.72 million to $600 million in 2017, she estimated.
"We are doing a mobile home update this year, and we've had some building permits and commercial permits. ... We may see some value adjustments there," Beaudin said. A tax rate is multiplied against the assessed valuation to determine property taxes.
Beaudin briefed the Belmont Budget Committee on the town's proposed $9.83 million in budget appropriations Tuesday. This budget would mark a 0.73 percent increase from appropriations in 2016.
The tax rate would rise from $9.55 per $1,000 of assessed valuation to $9.88 per $1,000, based on the budget, which still faces voter review. This rate would cost the owner of a $200,000 property $1,976 in annual property taxes, based on the town's portion of the budget.
Total appropriations proposed are $9,830,768 (selectmen's and Budget Committee's recommended).
Operating budget is $7,586,951 (selectmen's and Budget Committee's recommended). Last year it was $7,345,399.
Special warrant articles cost $1,968,005 (selectmen's and Budget Committee's recommended). Last year, special warrant articles cost $2,226,491.
Estimated revenues and credits (selectmen's and Budget Committee's recommended) are $4,215,831. Last year's revenues and credits were $4,158,520.
Estimated amount of taxes to be raised is $5,614,937 (selectmen's and Budget Committee's recommended). Last year, the taxes raised totaled $5,600,022.
Regarding Article 9, adopting new provisions of the veterans' tax credit, Beaudin explained that legislators removed a date restriction for times of service, simplifying the veterans' tax credit. This change could add 195 credits in Belmont, she said. If approved by voters, the veterans' tax credit cost would climb from $235,300 in 2016 to $335,500, nearly a 30 percent increase, according to the budget.
Article 12, a request to appropriate $60,776 for a second-year payment on a 2016 lease-purchase agreement for a new fire department pumper truck, was placed on the warrant based on New Hampshire Department of Revenue advice, Beaudin said.
The town is obligated to make these yearly payments based on a agreement from 2016 Town Meeting, she said.
"We made our first lease payment in 2016, so we're obligated," Beaudin said.
The money is not raised through taxation but from a special revenue fund, she said.
• Proposed operating budget highlights include $334,579 for executive; $108,382 for election, registration and vital statistics; $245,708 for financial administration; $55,968 for revaluation of property; $20,000 for legal expense; $330,332 for planning and zoning; $333,032 for general government buildings; $18,800 for cemeteries; $179,944 for insurance; $2,003,609 for police; $1,545,201 for fire department; $126,648 for building inspection; $3,000 for emergency management; $67,803 for highways and streets administration; $1,016,777 for highways and streets; $11,905 for sanitation administration; $233,398 for solid waste collection; $142,255 for solid waste disposal; $63,336 for health agencies, hospitals and other; $73,282 for welfare administration and direct assistance; $130,600 for welfare vendor payments and other; $130,382 for parks and recreation; $144,672 for library; $24,268 for patriotic purposes; $3,153 for other culture and recreation; $25,995 for conservation and development administration and purchasing of natural resources; $112,209 for long-term bonds and notes, principal; $31,212 for long-term bonds and notes, interest; $50,000 for capital outlay, buildings; and $10,000 for improvements other than buildings.
Individual warrant articles include collective bargaining agreement costs of $18,040 for Public Safety Employees Union Fire Unit B; $18,415 for Public Works Employee Union; and $48,260 for Public Safety Employees Union Police Unit A.
At 10 a.m. Saturday, Feb. 4, the deliberative session of Town Meeting takes place at Belmont High School. Voting takes place Tuesday, March 14, from 7 a.m. to 7 p.m., also at the high school.
- Category: Local News
- Hits: 259