Property owners in Montpelier to see 5.5 percent tax hike

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Vermont’s capital city, which scrapped a property reappraisal after residents’ complaints earlier this year, has announced it will raise residential property taxes by 5.5 percent.

City officials say tax bills should show up in residents’ mailboxes within the next few days, about two months later than usual due to the delay caused by the aborted reappraisal.

The City Council approved a residential tax rate of $3.15 per $100 of assessed value for residential properties. Taxes for non-residential properties are rising 7.3 percent, to $3.31.

The delay in getting tax bills out means the first two quarterly payments will be lumped together, with have the annual bill due by Nov. 15.

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