CONTROL OVER LISBON BORDERS, PREVENTING ANNEXATIONS OF LISBON LAND, AND INCREASING TAXABLE PROPERTIES (TO DECREASE YOUR SHARE OF THE TAX LEVY)
Many of you have asked for a little more detail about why the Town is pursuing incorporation. The primary reason to incorporate into a village is to protect bordering properties from annexation by the Village of Sussex or any other city or village, which would erode the Town’s tax base. When vacant town lands are annexed by an adjacent municipality, the town loses value, while the annexing city or village benefits from current assessed values and value of future development. When a town loses value, it must spread out the same amount of property taxes among everyone else left in the town. Your slice of the “tax pie” would get a little bigger. In order to preserve the tax base in the lands we have in the Town, we need to incorporate. If and when undeveloped acreage is developed (through a formal, strict public process), there would be more property owners paying taxes to spread out our expenses, and then your slice of the “tax pie” gets a little smaller. Once incorporated, Town of Lisbon properties become Village of Lisbon properties; no longer subject to annexation.