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Town Administrator John Anderson announced that the State of New Hampshire, Department of Revenue Administration (DRA), has established the 2011 property tax rate for Derry. An average homeowner will see a decrease of 4.2% in their tax bill. The tax bills are expected to be mailed on November 4, 2011 and thus payment will be due to the Town by Monday, December 5, 2011.
The Tax Rate is $27.27 per thousand of assessed valuation, a reduction of $1.21 from the 2010 tax rate of $28.48. The Town’s total valuation increased slightly, with the added property values from new construction and additions/remodeling being mostly offset by a $758 thousand net increase in exempt valuations.
- Town Tax Rate is $9.52
- School Rate is $14.22
- State Education Tax is $2.49
- County Rate is $1.04
The comparison set forth below shows the 2011 tax impact on an average 2010 valued home, whose value remains unchanged for 2011 due to the slight increase in overall valuation:
|
2011 |
2010 |
Average Home Value |
$249,900 |
$249,900 |
Tax Bill |
$6,815 |
$7,117 |
2011 Decrease |
$302 |
|
2011 % Decrease |
4.2% |
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Please contact the Tax Collector’s Office at 432-6106 if you do not receive your tax bill, or with any other bill related questions.
Contact David Gomez, Assessor or any member of the Assessing Staff at 432-6104 if you should have any questions regarding the assessing process.
The revised net taxable assessed valuation of the Town of Derry for 2011 is $2,485,998,094, compared to $2,481,717,169 for 2010. This is a slight increase in valuation, as discussed earlier in this release.
The following additional information provides details on the appropriations being funded and the amount of tax being raised by each component of the tax rates for 2011 and 2010:
Town of Derry General Government
Gross appropriations |
$42,796,132 |
Less: Revenues |
(20,031,301) |
Add: War credits & allowance for abatements |
915,213 |
Net Town Appropriation to be raised by taxation |
$23,680,044 |
Derry Cooperative School District
Gross appropriations |
$68,672,380 |
Less: Adequate Education Grant provided by the State of NH |
(27,194,827) |
Net School Budget to be raised by local taxation |
$41,477,553 |
Balance raised locally by State Education Tax Rate |
(6,123,642) |
Balance raised by Local School Tax Rate |
$35,353,911 |
Summary of Total Property Tax Commitment
General Government |
$23,680,044 |
Derry Cooperative School District |
41,477,553 |
County Government |
2,575,454 |
Less: War Service Credits |
(388,700) |
Total Property Tax Commitment |
$67,344,351 |
Other Information
Many options for payment are now available for you. For tax, water, sewer, motor vehicle renewals and general billing amounts due, you can mail, drop-off (both inside the building and outside the building located along the drive-thru lane), and/or use the drive-thru options for your convenience. Also, please feel free to use the envelopes provided with your tax bill to make your payment – it is forwarded directly to the Town’s bank and is the most efficient way to pay. The Water and Sewer bills have successfully implemented this payment option since June, 2007. Conveniently, these utility payments can also be sent directly to the Town’s bank only when using the envelope provided. Your future bills and statements will continue to offer you this option which I encourage you to use.
Motor vehicle registrations activity increases dramatically during the last week in the month. I want you to be aware that your service may be delayed if you come in person. EREG is always an alternative way to renew your vehicles if there are no changes in your information. Click here to access E-REG. Your registration and decals, provided they have no changes, will be mailed to you promptly and save you time. Our mail renewals are now sent to all registrants, if you prefer to use the mail option to renew your vehicles. Your registration has a new look - the laser
form was created to improve security and aid law enforcement and inspection stations through better information.
The DRA has a program in place to assist Low and Moderate Income Homeowners with Property Tax Relief (RSA 198:56, and REV 1200 rules). This is a State run program and specific filing instructions and program information is available by calling the DRA at (603) 271-2192.
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