Manchester Votes on Property, Utility Taxes

PROPERTY/UTILITY TAX VOTE

The Manchester Board of Aldermen voted on the city's property and utility tax rate Monday night.

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Both property and utility tax rates for 2011 will remain the same as 2010.

The city of Manchester is proposed and passed the following tax rates:

• A tax rate of 4.5 cents per $100 assessed valuation on all residential and commercial property.
• A tax rate of 5 cents per $100 of assessed valuation on all personal property.
• A tax rate of 19.3 cents per $100 of assessed valuation on all residential, commercial and personal property tax in the city of Manchester. This tax pays off the outstanding general obligation bonds that were approved by voters when they passed Proposition P in November, 2002. Proposition P authorized the city to borrow $6.5 million to build the new facility.

The board of aldermen also voted to maintain the city's utility tax rate Monday.

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