PORTSMOUTH — A public hearing on the 2017-2018 municipal budget for Portsmouth will be held at 7 p.m. on Wednesday, June 14, in the Town Council chambers at Town Hall, 2200 East Main Road.

This is a location change from recent years, as the annual hearing has traditionally been held at Portsmouth Middle School.

The Town Council has approved a $61.86 million provisional budget for fiscal year 2017-18 that calls for a decrease in the tax rate of 3.6 percent, from the current $16 to $15.42.

The rate deduction is partly due to the recent town-wide revaluation. Under the proposed spending plan, owners of a $350,000 home in Portsmouth would see their annual tax bill go down by $203, from $5,600 to $5,397. 

That drop will be offset, however, by the higher property values for some residents as set in the recent revaluation, which increased values in Portsmouth by an average of 8 percent.

The tax levy — what taxpayers are responsible for minus state and federal aid — is $52.63 million.

The provisional budget, which the council approved in a 4-1 vote May 10 following several nights of workshops, can be found on the town’s website here.

The council will adopt a final budget on Monday, June 26.