The tax rate for property in West Tisbury will be lower in 2022 after the town select board accepted a new tax rate of $5.82, down from $6.10 this year.
Increased property values have raised the town tax levy by 5.4 per cent and the total town value by 9.7 per cent, according to the board of assessors’ presentation.
Under the new rate, a property valued at $1,000,000 will see its taxes drop from $6,100 to $5,820 next year.
The select board approved the new rate at its Dec. 1 meeting. The board meets next Dec. 8 at 4:30 p.m. with an agenda that includes discussion of the proposed housing bank article for the annual town meeting warrant.
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