THOMASTON, Maine — A reduction in state aid and higher school costs are behind a 5 percent hike in the town’s property tax rate.
The Thomaston board of assessors met Tuesday night and set the tax rate at $16.80, up 5 percent from last year’s rate of $15.98.
Taxes on a home assessed at $150,000 will increase $123 from $2,397 to $2,520.
The first half of the tax bill is due Dec. 3 and the second half on June 3.
Bills are expected to be mailed in a couple of weeks.
Thomaston Assessors Agent David Martucci noted the town is projected to receive $50,000 less state revenue sharing aid than the past year.
In addition, the town’s share of the Regional School Unit 13 Board rose between 3 and 4 percent, reaching slightly more than $3.2 million. The net municipal appropriations is about $2 million, up 1 percent while the payment to Knox County is nearly $350,000, a slight increase from a year ago, Martucci said.
Dragon Products, which operates a cement plant off Route 1, is the largest property taxpayer in town with an assessment of more than $15 million and taxes of more than $250,000.