School Taxes Cause 3.3 Percent Increase in Tax Bills

Derry taxpayers can expect to pay an average of $235 more, or 3.3 percent, on their tax bills for 2013.
The New Hampshire Department of Revenue Administration released the 2013 tax rate for Derry this past Friday in a press release by Acting Town Administrator Larry Budreau.
The tax rate for 2013 is $31.49 per $1,000 of assessed valuation. It is an increase of $1.01 over the 2012 tax rate of $30.48.

The town’s overall assessed valuation increased by 0.7 percent, due to added property values from new construction and additions/ remodeling, Budreau wrote.
The breakdown of the new rate is as follows: Town services portion, $10.39, unchanged from $10.39 last year; school district, $17.34, up from $16.35 last year; state education rate, $2.62, up from last year’s $2.59; and county rate, $1.14, down from last year’s $1.15.
For a home valued at $232,700, the tax bill would be $7,328, up from last year’s $7,093, Budreau wrote.
Derry Cooperative School District Business Administrator Jane Simard said the increase on the school side is due in part to a reduction in state adequacy aid of more than $15 million. Salary and benefits were responsible for the remainder of the increase, Simard said.
Simard said the reduction in adequacy is responsible for 65 cents of the $1.01 increase, with the rest due to salaries and benefits.
She said $500,000 was returned from the unexpended fund balance to reduce the tax rate.
Simard said the impact on the 2014-15 budget would be discussed at Monday’s Budget meeting with the School Board and Fiscal Advisory Committee.  (see related story page 1). “They will make the decision of how we will proceed going forward,” she said.
Pinkerton Academy’s tuition rate increased but was offset by the decrease in students, according to the press release.
On the town side, Budreau said $331,331 of unexpended fund balance was used to reduce taxes.
Budreau said the tax rate won’t have a direct effect on the 2015 budget planning, which will take place this spring. He wrote in an e-mail, “We’ll simply address FY15 budget requests before finalizing and presenting a budget to the Council by April 1, 2014.”
Budreau credited the zero percent increase in the town portion to “toeing the line” with budget requests.

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