2003 Tax Rate Calculation
Town of Lee Portion                       1999 Tax Rate Calculation
Total Town Appropriations: $4,612,841 Town of Lee Portion
        Less:  Town Revenues ($3,191,181) Total Town Appropriations: $2,192,412
        Less:  Shared Revenues ($8,947)         Less:  Town Revenues ($1,317,329)
        Add:   Overlay $194,322         Less:  Shared Revenues ($8,947)
                  War Service Credits $20,200         Add:   Overlay $24,970
Net Town Appropriations: $1,627,235                   War Service Credits $23,100
  Approved Town Tax Rate: $4.35 Net Town Appropriations: $914,206
Strafford County Portion Strafford County Portion
Strafford County Tax $769,114 Strafford County Tax $439,932
        Less:  Shared Revenues ($3,610)         Less:  Shared Revenues ($3,610)
Net County Appropriations: $765,504 Net County Appropriations: $436,322
  Approved County Tax Rate: $2.04   Approved County Tax Rate: $2.12
Oyster River School Portion Oyster River School Apportionment: $6,121,597
Oyster River School Apportionment: $8,838,638          Less:  Adequate Education Grant ($2,289,287)
         Less:  Adequate Education Grant ($2,629,363)          Less:  State Education Taxes ($1,233,682)
         Less:  State Education Taxes ($1,485,705) Approved School Tax Effort: $2,598,628
Approved School Tax Effort: $4,723,570   Approved School Tax Rate: $12.63
  Approved School Tax Rate: $12.60 State Education Property Tax
State Education Property Tax Equalized Valuation  is
State Education Taxes $4.92 ($.066 x $186,921,540)  = $1,233,682
Equalized Valuation  is $301,972,554 Divided by Local Assessed Valuation $202,230,937
($.00492 x $301,972,554  = $1,485,705 ($1,233,682 divided by $202,230,937)  = $6.10
Divided by Local Assessed Valuation  of $371,046,521   Approved State Education Tax Rate: $6.10
($1,485,705) divided by $371,046,521)= $4.00 Combined Tax Rate: #REF!
  Approved State Education Tax Rate: $4.00
Combined Tax Rate: $22.99
 
See Page 8 for Lee’s Tax Rate Calculation
If you have any further questons regarding your Tax Rate,
please email Diane Guimond or call 659-5414.


2003 Tax Chart