West Tisbury tax rate rises for fiscal 2014

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File photo by Ralph Stewart

The West Tisbury selectmen have approved an increase in the town’s real estate tax rate for the 2014 fiscal year, to $5.41 from $5.26 in FY2013. The tax per $1,000 of assessed value for a property assessed at $500,000 will increase from $2,630 to $2,705. The increase, approved December 14, reflects a 2.5 percent increase in the town tax levy and a .23 percent increase in town assessed values, according to town officials. Selectmen voted to retain the single tax rate rather than multiple tax rate options that they are required by law to consider each year.