Bangor residents’ property tax payments will doubtless improve subsequent yr

Though Bangor’s property tax charge for 2024 is anticipated to drop, residents will doubtless see an almost 10 % improve of their tax payments due to climbing property values.

Metropolis councilors have mentioned and revised town’s spending plan since April, they usually settled on a $123.2 million funds of their most up-to-date proposal, which incorporates metropolis and college bills. The general funds is 5.1 % increased than final yr’s, and councilors are anticipated to vote on it Monday night time.

The town’s tax charge will fall from its present $20.40 to $19.15 for each $1,000 of property worth. A Bangor residence valued at $200,000 would pay $3,830 in property taxes.