The above chart represents actual Hampton property taxes on a single-family home of an average assessed value from 1992 to 2015. 2016 is a projection, which assumes all March 2016 money warrant articles pass, coupled with a 1.5% year on year increase in the town’s taxable valuation. The yellow at the top of the 2016 bar represents the full impact of debt service for the Hampton Academy renovation bond, which would add to property taxes for the next 20 years. Practically speaking, the full impact of this bond will not be felt until the town’s 2017 fiscal year. The far right stacked bar is a hypothetically illustration of what 2016 taxes would be had they only increased between 1992 and 2016 at a rate equivalent to the increase in the CPI.
Chart Representing Actual Hampton Property Taxes