Frequently Asked Questions

Real estate and tangible taxes can be appealed to the Tax Assessor within ninety (90) days from the due date of the first quarterly tax payment. Appeal forms are available in the Assessor's office.

• The Real Estate Tax Rate is $16 per thousand of assessed value for residential property. A 20% homestead exemption is automatically applied reducing the rate to $12.80.
• The Real Estate Tax Rate is $23.75 per thousand of assessed value for commercial property.
• The Vacant Residential Land Tax Rate is $17 per thousand of assessed value.
• The Tangible/Personal Property Tax Rate is $34.80 per thousand of assessed value.

The elderly exemption (also known as frozen or stabilized) is available to all property-owning town residents who are 65 years old and have lived in town for a minimum of seven years. Those residents that qualify need to file an application with the Tax Assessor's office the year they turn sixty-five (65). A continuance form will be mailed out each February and must be returned to the Assessor's office.

• Copy of the Ordinance (PDF)
• You must come to town hall with a copy of your license and apply in person.

The homestead exemption was drafted and approved by the Town Council and went into effect for the 2005 tax roll. The exemption is applied to improved residential property. The current exemption for the 2020 tax bills is twenty-nine percent (29%) off of the assessed value.

The exemption is automatically applied to all single-family and residential condos - no application required. It is adjusted in the years that we have a revaluation to protect residential properties from a swing in the tax burden.

Revaluations are conducted every three years according to state law. A complete revaluation was just completed December 31, 2019, for the 2020 tax roll. Visit this page for more details about the revaluation process.

The tax bills are mailed in July of each year and payable by August 31st. For bills over $50, payments can be made quarterly by the following date:

• First installment August 31st
• Second installment November 30th
• Third installment February 28th/29th
• Fourth installment May 31st

• Motor vehicle taxes are for the vehicles owned during the previous calendar year.
• Real estate taxes are assessed as of December 31st of each year for the current calendar year.
• Tangible personal property taxes are assessed as of December 31st.

Assessment data can be reviewed in the Tax Assessor's office or at the following web address: Visit the North East Revaluation website.