The citizens of Tyngsborough voted in May 2010 to use the final state reimbursement for the Tyngsborough High School construction project to fund part of the town’s annual operating budget. This reduced the Fiscal Year 2011 tax levy which helped to stabilize the tax rate, increasing only 22 cents per thousand over the prior year. ($13.95 to $14.17)  Without that offset, the tax rate increase would have been much larger.

Therefore, since the town will not receive any further reimbursements from the High School Construction project, the tax levy will have to increase for two reasons:   1) To compensate for last year’s reduction of the tax levy.  2) To fund the operating budget for Fiscal Year 2012 as voted at the Annual Town Meeting.

It is anticipated that the new tax rate will increase considerably.  The new tax rate will be certified by the Department of Revenue by mid December.  The new tax rate and final assessment will appear on the actual tax bill which will be mailed by December 31, 2011.  If your taxes are paid with your mortgage, be advised that adjustments may need to be made to your escrow account.

If you have questions, please contact the Assessor’s Office at 978-649-2300, ext. 121 or 122.