Year-round Tisbury homeowners will see their property tax rates reduced by a further six per cent, after the town select board voted Wednesday afternoon to raise the town’s residential exemption.

The tax rate for property in West Tisbury will decline in 2022 after the town select board accepted a new tax rate of $5.82, down from $6.10 this year.

Facing a budget shortfall, county leaders agreed this week to seek additional funding from Island voters to help balance a $1.74 million budget.

Eight previously tax-exempt organizations have been added to Tisbury tax rolls prompting new expressions of concern and confusion from leaders at the nonprofits.

Three more Island towns have set their tax rates for the current fiscal year that began July 1.

Property values increased this year on Martha’s Vineyard, topping $20 billion in total assessed value, according to figures from the six towns and the Massachusetts Department of Revenue.

Tax collectors on Martha’s Vineyard are busier than usual as taxpayers rush to prepay property taxes before the end of the year. The reason is the new federal tax regulations.

Tisbury and West Tisbury have both approved their tax rates for the year.

Edgartown selectmen Monday approved a single tax rate of $3.55 for every $1,000 worth of property, a seven cent decrease over last year’s rate.