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Old 03-01-2021, 05:05 PM   #9
jeffk
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The way I look at it, the rules by which property is assessed and taxed have been in place for quite a while. Businesses and non residents don't have a vote in the town budget and that is nothing new. Nor is it practical that they should. If non residents voted, they could shrink the budget to save themselves $$$ and face no significant impact. The residents would be stuck with the negative results. Non residents CHOOSE to be here. If they don't like the impact of town spending, they can leave. Further, the biggest impact on shifting taxes to the waterfront owners is not, I believe, the town budget, but instead other non residents bidding up property in a hot real estate market. Your assessed value is impacted by the increased prices they are willing to pay. YOUR property has increased potential value in the current market and THAT is what we are taxed on, estimated current value of our property. You might perceive that your increased value being taxed is "unfair" but that is how it works and has worked.

If you don't like the property tax system in NH, try Vermont or Maine. They have nice vacation property as well.

I'm not saying complaining people should leave but it feels like they sat down at a Poker game and are complaining that the rules are not like those of a game of Bridge.
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