Posted in Accountability, Budgets, Community, General, Other Important Information, Town of Colchester

Read All About It: Town Updates for Week Ending May 2, 2014

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  • Want a finance and budget update?
  • Need information about important homestead tax forms?
  • Interested in learning more about the upcoming Grand List?

As a sneak preview, information like this can be found within the update:

Tax increases resulting from the revised Town and school budgets to be voted on Tuesday May 6 for a $300,000 home may be as follows:

  • For total household income over $90,000, the combined Town/school tax increase would be 3.1 percent
  • For total household income over $45,000, combined Town/school tax increase would be 0.8 percent
  • For total household income over $65,000, combined Town/school tax increase would be 0.6 percent
  • For total household income over $85,000 combined Town/school tax increase would be 0.4 percent

PLEASE NOTE: Variables used to calculate the school tax rate have not yet been finalized and are subject to change. Such tax-related financial information is based upon decisions made in Montpelier. To date, these decisions have not yet been finalized in the legislature.


Please click here to find out more—access the Town of Colchester’s update for the week ending May 2, 2014.

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