City of Falmouth sets 2017-18 tax rates

Falmouth City Council called a special meeting on Oct. 5, 2017, to set the 2017-18 tax rates and discuss further the budget for the same fiscal year. As to the tax rates Personal Property was set at $0.750 per $100 of assessed value.

The rate for motor vehicles was set at $0.2040 per $100 of assessed value. If one's car was assessed at $20,000 the tax would be around $40.

As to real estate, the rate taken was the compensating rate. It was the only one to go up. But of course, those rates are not set by the city they come from the state. Last year it was $0.632 per $100 of assessed value. This year it will be $0.657 per $100 of assessed value. Consequently if one owns a home assessed at $100,000 the tax would be $657.

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