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jetskier · 11-17-2009, 12:10 AM

Laconia calculates the tax bill as follows:

July tax = Valuation x 1/2 prior year's rate
December = Valuation x current rate less amount of July bill

July Rate = 8.48
December Rate = 18.04

So the net increase in the rate was 6%

They increased my valuation by 17%...Interesting view of the real estate market since everything has gone down.

Jetskier

11-17-2009, 12:10 AM	#11
jetskier Senior Member Join Date: Apr 2004 Location: North Reading, MA and South Down Shores Posts: 851 Thanks: 57 Thanked 183 Times in 114 Posts	Interesting Laconia calculates the tax bill as follows: July tax = Valuation x 1/2 prior year's rate December = Valuation x current rate less amount of July bill July Rate = 8.48 December Rate = 18.04 So the net increase in the rate was 6% They increased my valuation by 17%...Interesting view of the real estate market since everything has gone down. Jetskier