Quote:
Originally Posted by longislander
My input: if you have ten acres or more, look into filing "current use". Very reduced statutory rate.
Again ... town tax = tax rate X assessment
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Don't forget in your simple formula that the tax rate is per $1000 of valuation. Thus the formula is off a little.
That said, assessing isn't an exact science. However, things happen that even the assessors cannot explain, like in the case of Moultonborough last year they changed the depreciation tables drastically and with no explanation as to why.
And then you get to the various boards that budget and spend money. Not a lot of business acumen being expended on trying to manage conservatively, especially in towns with property tax rich lakefront. Tax and spend is alive here as well.