For a third year in a row, Shanklin residents will pay less towards their town council bill.
Shanklin Town Council (STC) has been able to reduce its precept, meaning a Band D household will pay an average of 11p less — at £89.41 a year.
STC said it has a duty to help residents with a reduction, while not cutting back on services – especially as money was tight for many.
The precept will help pay for beach safety arrangements, public toilets and flowers in town.
It will also provide a dedicated fund for town improvements, an increase in the monies that could be given to good causes, and school crossing patrols.
The precept has fallen since 2021 by £1.25, after residents faced a 10 per cent hike in 2020.
A STC spokesperson said prudent financial and contractual management meant the authority was in a very fortunate position where they did not need to increase the precept, and in fact provided a slight reduction.
They also attributed a lack of borrowing to fund projects — like new public toilet buildings and a community library — which has helped keep liability costs down.
In neighbouring Lake and Sandown, precepts for residents are skyrocketing up by 90.1 per cent and 49.9 per cent respectively.
It means a Band D household in Lake will pay £98.50 a year (a £46.67 rise on last year) and Sandown Band D taxpayers will pay £218.40 (a £72.70 increase).
The town council precept also sits on top of increased fees for the Isle of Wight Council, police and fire services.
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