The Londonderry Budget Committee is pleased to announce the availability of the updated Taxpayer White Paper for the fiscal year ending 2007. Prepared last year for the first time, the "white paper" is an interactive spreadsheet that allows any taxpayer to automatically calculate how their current tax bill is split out amongst the various town & school departments. In addition, the spreadsheet also calculates how much of a tax bill goes to bonded items such as the new Town Hall, new Police Station and Open Space for example.
So where does your tax money go? Example a 300,000 home in Londonderry FY07 would pay $5,484.00 in property tax.
Overall Summary: The top 10 categories above represent 80.1% ($4215.85) of the combined town & local school portion of the tax bill of $5246.15 on a $350K home for FY07. The total tax bill for this $350K home is $6398 when adding in the county & state portion.