The tax rate for property in West Tisbury will decline in 2022 after the town select board accepted a new tax rate of $5.82, down from $6.10 this year.
The tax rate for property in West Tisbury will be lower in 2022 after the town select board accepted a new tax rate of $5.82, down from $6.10 this year.
Increased property values have raised the town tax levy by 5.4 per cent and the total town value by 9.7 per cent, according to the board of assessors’ presentation.
Under the new rate, a property valued at $1,000,000 will see its taxes drop from $6,100 to $5,820 next year.
The select board approved the new rate at its Dec. 1 meeting. The board meets next Dec. 8 at 4:30 p.m. with an agenda that includes discussion of the proposed housing bank article for the annual town meeting warrant.
Comments
Headline say taxes went down.
DavidHeadline say taxes went down... It appears like an existing property went up by 5.4% So you take your mythical $1mm property, raise its valuation by 5.4% and lower the tax rate by $6.10/5.82 and you get 1.006 or a .6% tax increase. This is clearly not a large increase, but it is not a decrease... I will leave it to the observer to calculate that the overall taxes in West Tisbury did not go down.
Good point. The headline has
EditorsGood point. The headline has been changed.
West Tisburyites will pay a
Thomas Hodgson wrWest Tisburyites will pay a lower tax rate, but their taxes will not be lower. West Tisbury taxes paid always gone up. They have never gone down.
As is so often the case, the
Peter Fohlin West TisburyAs is so often the case, the truth lies somewhere in the middle. Whether your taxes go up or even down will depend upon your property's assessed value relative to all other properties in town. From time to time over the last thirty years my taxes have in fact gone down as mega-mansions have shouldered a greater share of our common burden. Regardless, I have always enjoyed paying my taxes in return for the value I receive living in West Tisbury.
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