Thursday, August 4, 2016

Misleading Announcement

2017 Lisbon Tax Commitment

Taxes were committed on July 26, 2016 for the FY17 that begins on July 1, 2016 and ends on June 30, 2017.  The new milrate is $22.40 per $1,000 of assessed value.  This is a decrease of $1.19 from the FY 16 milrate of $23.59.

Homeowners who have applied for a Homestead exemptions will see a $15,000 deduction from their assessed value.  Also, all other exemptions will be at 100% due to the revaluation.  All taxes are assessed as of April 1st of each year and taxes are committed and bills will be sent to the property owner of record on that date.  For those taxpayers who sold their property after April 1st, they will need to provide the new owner a copy of the tax bill.   Bills are scheduled to be mailed on Wednesday, August 3rd. 

Thank you,

Diane Barnes, Town Manager
Town of Lisbon


Editors Note:
    The above announcement from the town is very misleading but factually correct.  Last year we did have a mil rate of  $23.59 but that was based on 87% valuation. This years mil. rate is $22.40 but it is based on 100% valuation.  To compare these mil rates you must first base both of them on 100% valuation.

2016  ----- 22.40    @ 100% valuation
2015  ----- 20.52   @ 100% valuation 

This is an increase in taxes of $1.88 per $1,000 dollars valuation. We should campare apples to apples or 100% valuation to 100% valuatioon.

Joe Hill

No comments:

Post a Comment