The select board will hold a public hearing on Wednesday to set the tax rate for fiscal year 2025.

In past years, the board has kept a single tax rate for residential and commercial properties in town, in line with the recommendation from the board of assessors.

Last year, Hull’s tax rate dropped by 4.3% from the prior year’s rate to $11.65 per $1,000 of assessed value. The average tax bill for a single-family home is currently $7,220.67, while the average tax bill for commercial properties is $8,475.38. Because nearly 96% of the properties in town are residential, and Hull has a small commercial base of 2.57%, maintaining the single tax rate means that most of the tax burden falls on residential property owners.

Click here for more information about Hull’s tax rates and assessing department

The hearing is scheduled for 7 p.m. on Wednesday, November 6 at town hall. The public will have an opportunity to offer opinions and ask questions during the session, after which the select board will make a decision about the tax rate for the current fiscal year.

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