Woodstock valuation jumps
“It could have been far worse,” said Woodstock Town Manager Vern Maxfield.
Area towns recently received their proposed state valuations, and Woodstock, home to the two-year-old Spruce Mountain wind project, jumped about 20 percent this year.
It takes two years for new development to be reflected in state valuation calculations.
The town’s valuation now stands at nearly $200 million.
In SAD 44 the valuations are used to determine a town’s local share in the annual school budget,
Of seven Bethel area towns, four went up in valuation from last year and three down. Listed following are the 2013 valuations, followed by the proposed 2014, for each town:
Andover, $79,250,000, /$77,200,000;
Bethel, $435,500,000 /$423,350,000;
Gilead, $29,500,000 /$30,900,000;
Greenwood, $156,200,000 /$157,000,000;
Newry, $454,250,000 /$448,200,000;
Upton, $27,900,000/ $28,700,000;
Woodstock, $164,950,000 / $199,400,000.