CLAYTON — Property owners and utility customers will pay more in the coming year under the town’s newly adopted 2025-26 budget.
The property tax rate will be 49 cents per $100 of assessed value, a 4-cent increase above the revenue-neutral rate. Utility rates are also going up: water and sewer by a combined 10.2%, and electric by 2%.
Budget Manager Todd Melton said the increases reflected higher operating costs, the need for long-term investment and efforts to keep services reliable…