FARMINGTON — Franklin County commissioners voted Monday to set the tax rate for 2014-15 at $1.08 per $1,000 of value, which is up 2 cents from last year.
It means that property owners will pay $108 in county taxes for a home valued at $100,000.
The towns of Farmington, Kingfield, New Sharon, Temple and Wilton will see slight decreases in the tax bills while the remaining towns and plantations will see slight increases.
The county’s tax assessment is $5.03 million to help cover the $5.6 million budget that represents a $134,361 increase over last year’s budget. The budget includes $1.6 million for the county jail.
On top of the county’s assessment is a $9,539 overlay. The latter can be used for abatements and related matters, if necessary.
The state valuation for the entire county factored into this year’s tax rate calculation is $4.66 billion. The county’s data has the 17 towns and four organized plantations valued at $4.3 billion and the unorganized territory valued at $347.6 million.
The organized territory will be assessed at $375,030 in taxes.
Commissioners also voted to set the interest on delinquent taxes at 7 percent.
The tax bills were to be mailed out Monday afternoon. The first half of the tax bill is due Sept. 1 and the second half is due Feb. 1, 2015.
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