Quote:
Originally Posted by LIforrelaxin
I have no problem with Property Values going up, and I have no problem with Taxes going up.....
What I do have a problem with it both taking place in the same year, at the rate in which they did... That tells me that somewhere something is not be kept in check.... Once again I will stick to the math of it all.......
using the Figures from Tummyman, and starting with the Tax rate, we would have had last year with this year property values $4.14
We add the addition of "extra cash" and the reduced income which I am fine with and can understand we get too 4.71 and ok that is reasonable and I would have a tax bill of ~5200$ which is inline with my 2021 tax bill..... And to me that is reasonable. But I do know the cost of things have gone up, so I expect a increase from there....
Where we start to encounter questions is from the additional $0.99..... on a personal level for me I see that as an $1000 of additional Taxes.... But now lets play that out further at the Town of Multonborough level, which has $5.6B worth of property value.... That is over 5.5M dollars worth of additional funding.....
I don't care who you are that is a lot of additional Cabbage, So where is it all going.... What is being done with the money.... Have the towns spending needs changed that much? I would be very suprised by that....
Now had the tax increase been 1/3 of that 99 cents so 33 cents... which would have been 1.8M dollars of additional funding at the town level and 363$ passed on to a homeowner... I wouldn't have batted and eye.... I probably would have rationalized 50 cents per thousand additional....
I do agree that overall the Tax rate for Moultonborough is very low... which is what leads to the property especially on the water being so desirable... And why in my estimation, there will never be a problem selling waterfront property in Moultonborough.... The Town and the State know this... And Moultonborugh isn't the only town that sees this overall all the Winnipesaukee towns have a low tax rate.... Mostly because there Municipal and Local Ed. needs are minimal, do to the very low permanent resident population. I think locally the spending in Moultonborough is very frugal, and I don't have concerns at that level, I do have concerns at the County and State levels however, which come down and have an effect on our property Taxes....
Here is the food for thought once again with Numbers, According to publicly available forms, the valuation of property for all of New Hampshire is ~$200B..... an increase accross the board of 33 Cents per thousand is ~$100M.....
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The county would be your State Representatives voting on the county budget... and the State ED hasn't changed to my knowledge, and the money never leaves Moultonborough.
If you think the number is off... that the municipal budget and divide it by total town property valuation. From what tummyman stated, you do not have a ''buy down'' of the taxes this year like you did last year; so that simple math should be reasonably accurate in the final number.