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Originally Posted by tummyman
Concerning Moultonborough, the tax rate per thousand (mill rate) this year went from $7.66 to $7.70...a slight increase. But don't get too comfortable. A couple of things are about to change. Effective July 1, 2011, the state will revert back to Donor towns to support education unless the governor does something to change a law that has already been passed and is on the books. The last time Moultonborough was a donor town, the state portion of the tax rate was over $2.80 more than it is currently. What if that rate went up by $3.00...an increase of this amount in the state tax would increase your bill by almost 40%. How are you feeling now? Also, the Carroll County folks (Our BOS member and State Rep Betsy Patten is part of this...) are looking at a major nursing home rebuild that is projected to cost maybe $23 million for 103 beds, which will also add to local taxes. Not everyone on the water saw decreases in valuations this past year. It all depends on sales within what Vision Appraisal calls neighborhoods. Maybe this past year you were blessed with a low property sale that meant reduced valuations. But once there is a significant sale at higher rates...bound to happen, you will get royally impacted. My "neighborhood" had one sale and it increased our assessments by over 17% on land alone....due to a fluke that Vision did not want to address. Now we have another property for sale that is offered less than the current assessed value. So we are all anxious to see that sale go down and reduce our assessed values. Just be careful....Moultonborough has wild swings in assessed values, all depending on sales in neighborhoods. One year you feel great and the next year you get hit hard. And then the town may do more things to hike things...like the Community Center funding, Fox Hollow Road, etc .etc. Don't spend those lower tax dollars now...put them into the bank or under the mattress, as you will pay sooner or later.
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Tummy Man,
While I understand your fears of education funding, I don't believe the state will flub that one again. That went over like a lead brick the last time and I think they learned a leason. I would believe that next year there will be a eductation funding bill filed to take care of that.
Now as for the wild swings you mention in valuation you mention personally I have not seen this ever. Our dwelling has always remained constant, the onlything that has ever changed is the Valuation of our property. Considering We have had property sell on our road every single year for the last 4 or 5 years I can't see that our property valuation is in for any type of swing. Every time I here of this happening I generally find that what has happened is that Vision has gone in and done on site evaluation that have not been done. What is documented to be on a persons lot and what is there doesn't always match. We had a guy out about 10 years ago to look at our place, and he looked around and asked us a couple of questions like... you have a little more work to do to finish your kitchen don't you.... we said Yep..... he asked us if we had any plans of finishing off a loft space, we said Yep..... he then said well I will tell you what I can note all that in my apprisal and take it into account now, or we can do it the next time we come out. Because we knew we where doing the work we said fiqure it in now...Guess what about 5 years ago a guy came out evaluated the property took 5 or 10 mins, and said it doesn't appear much has changed I think you guys are all set. In short the reason people see drastic swings is because they make changes. This doesn't have to be expanding the house, or even doing anything on the inside. If you landscape your lot, adding a small shed, putting in a new articulating dock, etc. these things will all impact your evaluation. They all add value to your property. Hence I will never put in a wonderful lawn, I will keep my nice sandy yard.
Although the selling of property in your area has an effect on your homes value, it doesn't cause drastic changes to the Values of other peoples property as much as people think. Property values do not make being swings year to year.... they go up over time for sure. And that is what happend in the lakes region the prices went up rapidally over 10 years. Much of this was do to the fact that many properties where grossly under valuated in the 80's.......