Taxes May Increase 4.3 Percent



BAR HARBOR — The town council Tuesday adopted a proposed budget of $17.2 million for fiscal year 2011, which calls for a 4.3 percent hike in property taxes. The warrant committee, in a joint meeting with the council, also signed off on the proposed budget.

 

The 4.3 percent rise in taxes would cost the owner of a median-valued home, assessed at $293,000, an extra $111 per year.

The $17.4 million budget first proposed by the town council earlier this year called for a 6 percent increase in property taxes. Several changes suggested by the warrant committee, as well as an unexpected increase in state aid, led to the slightly lower figure.

For more political news, pick up a copy of the Mount Desert Islander.

 

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