![Surprise!! Rate Cut For Cheshire Taxpayers](http://townsquare.media/site/922/files/2018/09/GettyImages-897291366.jpg?w=980&q=75)
Surprise!! Rate Cut For Cheshire Taxpayers
Pending state Department of Revenue approval, the rate will drop from the current $13.06 per $1,000 assessed value to $12.29 in fiscal 2019. That's nearly a 6 percent reduction for the municipal budget year that began July 1, according to the Board of Assessors.
The Berkshire Eagle reports board chairwoman Barbara Astorino delivered the good news to a stunned Select Board at their weekly meeting on Tuesday.
Astorino indicated that a lower rate doesn't necessarily translate into lower property tax bills for all in town.
Taxpayers have a $6.1 million operating budget to pay for, which is approved at the annual town meeting in June. The fiscal 2019 spending measure, up 2.8 percent from fiscal 2018, includes the town's $2.79 million assessment paid to the Adams-Cheshire Regional School District.
Despite the increase, Town Administrator Mark Webber said Cheshire has more of a tax cushion that in past years.
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