Why should we pay?
I hope that this thread does not turn into a contest between boaters and peoperty owners. It is too important for that.
Getting rid of the milfoil is in the best intrest of EVERYONE.
Boaters don't want this stuff where they anchor out.
Property owners (so far I have been lucky) don't want to have this on their beaches with the resulting devaluation of their property.
When the lakeside owners lose value in their places the people in town will get an increase in their tax rates.
Let's do some "back of the envalope" math...I'm gonna try to round down on these numbers.
The property valuation in Moultonborough is about $2.85 billion. 70% of that is shore front property so $2.85 X .7 = about $2 billion. Say only 10% of the shore front properties are affedted...
$2,000,000,000 X 10% is about $200,000,000 in lost property value.
Now $200 million X a tax rate of $8.50 per thousand is $170,000 in lost taxes per year.
My math may be a bit off but the numbers seem reasonable. It seems to me that we can pay the piper today or pay tomorrow.
And if that 10% increases to 20% then....
Misty Blue
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