Development keeps town taxes down
NORWICH – Unlike many other towns in New York, it was announced at October’s monthly meeting that the Town of Norwich will again have no general tax. The town will see an overall increase of four percent but will also see a reduction in taxes for 2008.
General taxes are composed of the supervisor’s salary, the highway superintendent’s salary, the assessor’s, the attorney and other costs that the town is responsible to pay for each year. “These costs are covered by either sales tax or other additional income,” said Law.
Keeping the town’s taxes manageable for residents while increasing the town’s worth, maintaining its growth and keeping it running smoothly is what the Town of Norwich administrators say they strive to offer each year.
Currently the Town of Norwich’s assessed value or worth, on paper is, $106,803,477 compared to last year’s $104,242,106. Law explains the town’s growth has enabled the board to keep the taxes down.
This year’s fire contract tax totals $4.92 per thousand down from a total of $5.31 per thousand last year. The highway tax, which Law says is a large portion of expenditures, will stay the same this year at $1.18 per thousand. “The biggest expenses in the highway department is health insurance and salary increases,” said Law.
Law attributes the low tax rate to the overall growth he has seen throughout various aspects of the town over the past year. “The town grew in outlining districts, there are new homes, the Rt. 12 corridor, people moving in and continuous growth have reduced taxes in the town even through there was a four percent increase.
The budget presented is tentative until voted on Nov. 8 following a public hearing at 7 p.m. at the town office. The board will conduct voting directly after the meeting. The public is invited to attend.
General taxes are composed of the supervisor’s salary, the highway superintendent’s salary, the assessor’s, the attorney and other costs that the town is responsible to pay for each year. “These costs are covered by either sales tax or other additional income,” said Law.
Keeping the town’s taxes manageable for residents while increasing the town’s worth, maintaining its growth and keeping it running smoothly is what the Town of Norwich administrators say they strive to offer each year.
Currently the Town of Norwich’s assessed value or worth, on paper is, $106,803,477 compared to last year’s $104,242,106. Law explains the town’s growth has enabled the board to keep the taxes down.
This year’s fire contract tax totals $4.92 per thousand down from a total of $5.31 per thousand last year. The highway tax, which Law says is a large portion of expenditures, will stay the same this year at $1.18 per thousand. “The biggest expenses in the highway department is health insurance and salary increases,” said Law.
Law attributes the low tax rate to the overall growth he has seen throughout various aspects of the town over the past year. “The town grew in outlining districts, there are new homes, the Rt. 12 corridor, people moving in and continuous growth have reduced taxes in the town even through there was a four percent increase.
The budget presented is tentative until voted on Nov. 8 following a public hearing at 7 p.m. at the town office. The board will conduct voting directly after the meeting. The public is invited to attend.
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