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Town Administrator Gary Stenhouse announced that the State of New Hampshire, Department of Revenue Administration (DRA), has established the 2009 property tax rate for Derry. An average homeowner will see an increase of 2.0% in their tax bill. The tax bills are to be mailed on October 31st and payment will be due to the Town by December 1, 2009 to avoid interest at 12% per annum. The Preliminary tax bills were due by July 1, 2009.
The Tax Rate is $27.88 per thousand of assessed valuation. A comparison of this year’s tax rate to last year’s is not meaningful due to the downward revaluation in property values that occurred.~ In 2008, non-waterfront residential property values were revalued downward due to the economic decline in property values, resulting from the depressed housing market.~ The Town’s total valuation declined by 6.6% as a result of the net effect of the townwide downward revaluation process and the added property values from new construction and additions/remodeling. The tax rate is set as follows:
- Town Tax Rate is $9.39
- School Rate is $14.85
- State Education Tax is $2.59
- County Rate is $1.05
The comparison set forth below shows the tax impact of an average 2008 valued home.~ This same home value has been adjusted downward for 2009 due to the 6.6% decrease in overall valuation:
|
2008 |
2009 |
Average Home Value |
$267,600 |
$249,900 |
Tax Bill |
$6,832 |
$6,967.21 |
2009 Increase |
|
$135 |
2009 % Increase |
|
2.0% |
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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 net taxable assessed valuation of the Town of Derry for 2009 is $2,481,007,745, compared to $2,656,333,624 for 2008. 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:
Town of Derry General Government
Gross appropriations |
$40,213,604 |
Less: Revenues |
(18,061,364) |
Add: War credits & allowance for abatements |
1,137,057 |
Net Town Appropriation to be raised by taxation |
$23,289,297 |
Derry Cooperative School District
Gross appropriations |
$70,155,133 |
Less: Adequate Education Grant provided by the State of NH |
(26,934,634) |
Net School Budget to be raised by local taxation |
$43,220,499 |
Balance raised locally by State Education Tax Rate |
($6,373,741) |
Balance raised by Local School Tax Rate |
$36,846,758 |
Summary of Total Property Tax Commitment
General Government |
$23,289,297 |
Derry Cooperative School District |
43,220,499 |
County Government |
2,610,370 |
Less: War Service Credits |
(387,000) |
Total Property Tax Commitment |
$68,733,166 |
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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