October 2, 2024
Update on Bolton Tax Issue:
As previously shared, there was an error in this year’s grand list in which some properties in town were listed on the grand list at their pre-revaluation assessment value. This resulted in these property owners receiving a tax bill based on the wrong assessment amounts. These bills have since been corrected and taxes for these properties were due August 31. As a result of the errors in the grand list, the Town of Bolton received unanticipated revenue in excess of that which is needed to cover the FY25 budgeted expenses as approved by the voters.
Working diligently over the last few months, the Board of Selectmen, Finance Committee and town employees have determined that the amount of this unanticipated revenue to be returned to tax payers is $1,061,479. The Real Estate and business Personal Property mill rate shall remain as approved by the Finance Committee at 32.74. The Motor Vehicle mill rate, which was unaffected by this issue, remains at 32.46.
The Board of Selectman has voted to return this unanticipated revenue to the taxpayers in an amount proportional to the taxes that were owed in the Real Estate and Business Personal Property Accounts. Current property owners can expect a letter in the mail in the next month with details outlining the amount they are eligible to receive and how you can opt to receive the funds. Taxpayers who have not yet paid, or have a balance more than the credit on their real estate or business personal property accounts for this year, shall not receive this letter but notice to them will be enclosed with the next billing.
We appreciate your patience while we thoroughly reviewed the numbers, to ensure that taxpayers will receive the correct amount due to them.
The Bolton Board of Selectmen