Quote:
Originally Posted by winnisquam
Sanbornton waterfront. Tax assessment went up 112%, just over $2M now. Taxes went from $20K to $26K a year. Filed an abatement with solid basis of six larger properties and more frontage, denied!
We have 3 seasonal camps with an apartment over a garage on 2 acres with 175' of frontage all built between 1950 and 1974.
Their basis is market value. All dwellings are grandfathered so we can tear down and rebuild with year-round homes or sell the property with the same intent, so getting taxed on what we could do!
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Actually, I think you are paying taxes on a valuable piece of land. There is only so much waterfront and two acre lots with 175 feet of frontage and multiple foot prints are much sought after. It would be nice to broaden the tax base so government wasn’t so reliant upon property taxes. Unfortunately, that will never happen because the politicians would use such a change to increase tax receipts. Until something changes property owners are going to bear the burden.