Property owners in Belvidere are getting a bit of a break on their tax bills this year.

The tax rates have been set, the first bills have been sent out and anyone who pays property taxes in Belvidere should see bills that come in a bit lower than what they paid last year.

The combined tax rate for primary residences is $2.18 per $100 dollars of property value, about 7 cents less than last year’s rate of $2.25.

The combined rate for non-residential properties — second homes and businesses — is $2.23, less than last year’s rate of $2.33.

For primary residences, that translates to a tax bill of $2,180 per $100,000. Last year that bill was roughly $70 more at approximately $2,249.

For second homes and businesses, $100,000 of property value equates to a bill of $2,232, about $93 less than last year’s bill of $2,325.

Belvidere Town Clerk Cathy Mander-Adams credited the lower tax bills at least in part to new properties being developed in town, growing the town’s grand list.

Belvidere property owners pay their tax bills in two installments. Unlike many towns, Belvidere splits its tax bills into an educational portion to fund its local schools and a separate municipal portion to pay for town expenses. The bill for the educational portion of the tax rate was due last Thursday.

The municipal portion of the tax bill is due in November.

“Each town decides how property taxes are paid,” Mander-Adams explained.

Belvidere’s 2020 educational tax rate for primary residences is $1.63, down slightly from last year’s rate of $1.64. The current education rate for secondary homes and businesses $1.68, about 3 cents less than last year’s rate of $1.71.

Belvidere’s municipal rate this year is 55 cents, down 6 cents from last year’s rate of 61 cents.

Reliable news and information is vitally important. Local advertising has been affected by the COVID-19 crisis but the Vermont Community Newspaper Group remains committed to its responsibility to serve its communities. Your communities. With some assistance from loyal readers, community organizations, foundations and other funders, we hope to keep reporters on the job keeping you informed. Please consider making a tax-deductible donation to our local journalism fund. Thank you for your support.

(0) comments

Welcome to the discussion.

Keep it clean. Please avoid obscene, vulgar, lewd, racist or sexual language.
Don't threaten. Threats of harming another person will not be tolerated.
Be truthful. Don't knowingly lie about anyone or anything.
Be nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be proactive. Use the "Report" link on each comment to let us know of abusive posts.
Share with us. We'd love to hear eyewitness accounts, the history behind an article.