Amherst property owners are looking at a one percent increase in their town taxes next year.
Under Supervisor Barry A. Weinstein's eighth and final tentative budget unveiled Monday, the tax levy – the amount raised by taxes – would increase for the second year in a row after six years of decreases.
The levy would increase by $1 million, or 1.36 percent, to nearly $74.4 million in the tentative budget of $127.25 million for 2018. But a $39 million increase in assessed value from new construction broadened the tax base and kept the tax increase to 1 percent, Weinstein said.
The levy was $73.43 million when Weinstein took over as supervisor in 2010 – a 1.3 percent increase over that period.
Spending is up 1 percent, including a 3 percent increase in personnel costs with benefits. Twenty-seven town employees accepted a separation incentive.