Hope property tax bills were sent out the first week in August and the mill rate has been set at 16.70. That is up 3.7 percent from last year’s rate of 16.10. Much of that rise is a result of the school budgets, which, according to Town Administrator Samantha Mank, now account for 84 percent of town expenditures. Eight percent of expenditures goes to the town budget, while another 8 percent goes to the county.

The budget for Hope Elementary School rose 19.7 percent to $1,944,278, while the actual cost to taxpayers increased 3 percent, because of the state subsidy and carryover from last year’s budget. The town’s share of the Five Town CSD budget rose 6 percent to $850,470, plus $17,681 for adult education.

The municipal budget rose 11.2 percent to $349,520. Hope's contribution to the county budget is $268,048.

The tax valuation for the town rose from $203,010,200 in 2018-2019 to $205,030,850. Much of that increase is the result of new single-family residential buildings. The first half of tax the bills is due Oct. 1. The interest rate for unpaid taxes was set at 9 percent at the June annual town meeting.

This story has been corrected from a previous version.