Thursday, July 2, 2009

Mahone Bay Taxes

An increase in the Mahone Bay's residential assessment means a decrease in tax rates. Overall assessments are up more than five percent to almost 107 million. Most homeowners will pay about the same tax bill as last year. Council was able to drop the residential tax rate down to a dollar 18 cents. Commercial rates increased by nine cents to 2.83 to cover the business occupancy tax phase out. Mahone Bay's budget this year is worth 1.96 million dollars.