ÌìÃÀ´«Ã½

February 19, 2025

The Estimated Monthly Tax Rate Increases by town are determined based on the school district’s budgetary needs, projected expenditures, and available funding sources. School boards develop annual budgets that account for costs such as staff salaries and benefits such as health insurance, facility maintenance, transportation, and special programs. Changes in property assessments, enrollment numbers, and state funding allocations can all impact tax rate adjustments. ÌìÃÀ´«Ã½ taxpayers paid 47% of the FY25 budget while the remaining 53% was funded by other towns across VT. Once the annual tax rate is established, officials estimate the monthly impact for homeowners by calculating the difference in yearly taxes under the new rate and dividing it by 12, providing a clearer picture of the additional monthly cost for residents.