Property owners in Cabot were surprised recently when they opened their tax bills for the current year.  Apparently, most, if not all, found their taxes had gone down.  This is practically unheard of, and even more unexpected since we were warned the state would be increasing the school tax rate this year.

Reporter for the Hardwick Gazette, Will Walters, in an article that appeared in the July 17th issue of the Gazette, explained that the reduction in Cabot's tax rate is due to the town having received reimbursement for highway repairs in the fiscal year after the expenses were paid.  He said Town Clerk Tara Rogerson told him this could happen again if expected assistance for work on Mack Mountain Road and the Main Street culvert work is not paid by December 31.  

At last spring's town meeting, we were warned that the school tax set by the state would be going up, so Cabot residents braced for bad news in their tax bills.  Instead, the tax rate in Cabot for both residential and non-residential properties dropped a little over 10%.  I'm pretty sure eventually the balance will shift and we'll return to having our taxes go up a bit every year, but it's nice to have a reprieve, even if temporary.