KENNEBUNK – People who own real estate in Kennebunk will pay a bit more in property taxes this year.

The select board set the new mil rate – the calculation based on each $1,000 in property value – at $14.60, up from $14.25 in the current year, based on the recommendation of assessor Dan Robinson. He calculated that someone with a home valued at $360,000 would pay $126. more in property tax.

The rate includes an overlay of about $1 million, down slightly from the amount earmarked last year. Overlay is typically set aside for use in the event of tax abatement and appeals.

Kennebunk’s state valuation for 2022 is $3.1 billion. Robinson said that is up by $40 million in new property value.

The value of Kennebunk’s personal property is down about $1.5 million, not unusual, Robinson said because those assets tend to depreciate.

There was no market adjustment on assessed property values for this year’s calculation, he said in an email.

In Kennebunk, the property tax rate includes costs associated with the municipal budget, and the town’s share of the annual Regional School Unit 21 and York County government budgets. The Kennebunk municipal budget accounts for about 25.4 percent of spending, RSU 21, 71 percent, and York County government 3.6 percent.

Select board members approved the recommended rate without comment.

Taxes are usually due the first Friday in October and in April, but because they are also typically busy times at town hall due to people coming in to pay excise tax, the board agreed to the second Friday in October and April, after which interest begins to accrue.

Seniors 65 and older who  are permanent Maine residents and have owned a homestead  for 10 years may complete an application by Dec. 1 to stabilize or freeze their tax rate at the amount billed in the prior tax year as a result of recent state legislation. For more information, visit: https://www.kennebunkmaine.us/470/Exemptions-and-Tax-Credits.