Quote:
Originally Posted by BroadHopper
So the state now deems that property with a view as a location plus so the state deems that that property should be taxed at its so called selling price.
At the time of the new appraisal that shot our appraised cost sky high and many others have seen an increase in our taxes six-fold. Before the town consider the property as seasonal i.e. we are on a dirt road, not maintained by the town, we don't use any town services such as schools, etc. So our taxes were low. The town has a separate rate for use. Also, my dad was a veteran and also 65+ After the state ruling, that rate is gone and there is no discount for 65+ Just veterans.
If you google the time the state took over appraisal many farmers had their property tax increased as their property is in what the realtors call an attractive location! A good example is a blind farmer whose property in Orford NH value has increased 8 fold because it was taxed at the appraised value if the farmer has to sell the property! He did get a reprieve as the appraisal was base on the value of the land if it was separated and sold as lots!
Hence the title view tax was born. Our farm was one that was hit badly. The original appraised value by the town for 350 acres in the early 90s was 900,000 when the state took over the appraisal value went up to 7 million! The concept was if the land was divided into individual lots, it would be worth a lot more. Because of the lawsuit, it was settled out of court and the state can't use the concept of individual lots when doing a tax appraisal.
A lot had happened during the time the state took over the appraisal mainly because of the education tax fiasco. I get that everyone should be taxed fairly and every child in the state should have a decent education, but there is no right formula to use and they are still playing the political game today!
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The State has always deemed that any particular of a property is to be included in the assessed market price. Both positives and negatives.
The State does not do the assessing. That is generally an independent hired by the municipality, or an assessing department if the municipality has a large enough population. They only assess what the property would sell for if it were placed on the current market; per NH RSA 75.
SWPT existed long ago and was reused to meet the accounting need - is related to the Part 1 Article 28-a ratification. All State mandates must be paid with State taxes that are uniform throughout the State.
Most people do not realize that the State was founded with SWPT in place, and it included tools and livestock at the time. It still includes on-highway vehicles under a special rate consideration - that is the part paid to the municipality.