LONDONDERRY — Residents will see a tax rate increase of $1.20 in their next bill.
The rate increased about 6 percent, from $18.48 to $19.68 per $1,000 of property valuation.
Taxpayers would have seen a smaller increase in the rate but the town adjusted property values this summer, resulting in a decrease in the overall tax base from 2008. A smaller tax base results in a higher tax rate, according to town officials.
Karen Marchant, Londonderry's assessor, has said home prices dropped an average of 12 percent in the reassessment.
Town officials said the impact will vary among the types of property owners. Some owners of manufactured housing lost up to 50 percent of the value of their property, while other single-family homes lost less value, Marchant said.
Some property owners may even see a drop in their property tax bills this year, according to town officials.
The town portion of the tax rate increased by 27 cents to $4.65.
The county portion of the tax rate increased from 86 cents to 94 cents.
The local school rate increased from $11.03 to $11.79.
Tax bills are to be printed and mailed soon. They are due by Dec. 1.
Join the discussion. To comment on stories and see what others are saying, log on to eagletribune.com.