EAST MILLINOCKET – Tight fiscal spending controls and a whopping increase in the state’s education reimbursement to the town will lead to homeowners seeing a drop in their property tax bills, selectmen said Monday.
Property taxes will drop to $21.56 per $1,000 of valuation down from $22.71 last year when the town’s new tax bills go out by the end of the week, town Administrative Assistant Shirley Tapley said.
The board was due to approve the new rate during a meeting on Monday night, board Chairman Mark Scally said.
“We did work hard as a board to reduce municipal spending,” Scally said Monday.
The board combed through the town budget line-by-line to cut costs, Tapley said. The Maine Department of Education also made the mill rate drop feasible by increasing the education reimbursement from $307,086 in 2005 to 655,985 in 2006, although the town education budget still increased, Tapley said.
The new mill rate means that homeowners owning a $50,000 home that gets a $13,000 Homestead Exemption tax break will pay about $42.55 less this next tax year than last year, Tapley said.
Another factor: The town’s total land and real estate valuation went from $81,863,594 last year to $82,919,225 this year, she said.
Town workers will start processing tax bills today, Tapley said.
The first half-payment is due on Nov. 22, with the second half due on Feb. 6, she said.