Quote:
Originally Posted by longislander
"The Hub" proposal is for a town property, not a private club. Anyone paying taxes to Moultonborough will pay, resident or not, second home or not.
Presently, the tax rate is 6.98/1000. How much of that will change if "The Hub" with the bond is approved by 3/5ths vote at the 2023 town meeting?
Payments, if applicable, will be for particuler functions in/at the center.
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I agree that what you write is 100% true, but it is misleading. Waterfront homes, occupied mostly(?) by nonresidents pay the lion's share of property taxes. Let's call that amount 75%, just for fun. This enables the year rounders to build something for themselves while only paying 25% of the tab. In essence, they get a 75% discount on community centers, schools, and various other things of zero value to Summer people.
I'm not saying this is good or bad, or that the HUB should be built. Only pointing out the political/economic dynamic