Due to favorable financial market conditions, the East Montpelier School Board secured permanent financing for the school construction project which was approved by the voters in November 2012. We were able to lock in a rate lower than the rates projected at the time of the bond vote. This will save taxpayers over $300,000 over the life of the loan. 2013-2014 property tax bills include the East Montpelier Elementary School Bond payment. The tax rate includes a 16.4 cent increase for residential properties. Nonresidential properties are not impacted by the cost of the project and do not have a tax increase for this construction project.
Residential property owners whose combined household income is less than $99,000 (or $106,000 if working), may be eligible for a property tax adjustment. Vermont State Tax Forms H144 and H122 can still be filed until October 15, 2013.
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