ROCKPORT, Maine — Property owners in town will pay about 4 percent more in taxes for the upcoming year.

The town set its property tax rate Thursday at $12.69 per $1,000 of assessed value. This is 48 cents more than last year’s rate of $12.21, representing a 3.9 percent increase.

A person owning a home assessed by the town at $200,000 would pay an additional $96, bringing the total tax bill to $2,520.

Tax bills are expected to be mailed toward the end of next week, said Rockport Assessor Kerry Leichtman. Taxpayers will receive one tax bill with the option of making two installments, the first payment is due Oct. 15 and the second payment is due April 15. If a person is making one payment it is due Oct. 15.

The town will charge 7 percent interest on unpaid taxes.

Leichtman said the slight overall tax increase was due to incremental increases from the town, school and county.

Of the $12.8 million in taxes being billed, 69 percent ($8.8 million) will go toward education for the Five-Town Community School District and School Administrative District 28. The town’s share of the Knox County budget is nearly $900,000, which amounts to 7 percent of the property taxes billed.

The remaining approximately $3.1 million will cover municipal services such as police, fire and public works.