HOT SPRINGS – The town of Hot Springs’ 2025-26 property tax rate will decrease for the second consecutive year.
In the Hot Springs Town Board’s June 25 meeting, the board approved its 2025-26 budget, including its 43 cents per $100 valuation, a 2-cent decrease from the previous budget.
That rate is based on a total valuation of property for the purposes of taxation of $83 million at an estimated rate collection of 99%, according to a budget message from Mayor Abby Norton…