A slightly higher tax rate has been formally approved by trustees. The new rate is 0.8 cents higher than the previous one. This change was made at a meeting on August 20.

The impact of this tax rate increase on individual taxpayers is not yet clear. It will depend on the valuation of their homes.

Further details about the tax rate change and its potential effects are available from the source. The approval of the new tax rate is a recent development, and taxpayers will need to consider their home valuations to understand how it will affect them.