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Old 10-02-2019, 06:12 AM   #114
Wifi-1
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Quote:
Originally Posted by jeffk View Post
For all the griping, Moultonborough has close to the lowest tax rate in the state.

It also faces a blessing/cost/temptation. There is a LOT of expensive lake front land in town. That means the costs of the town are spread across LOTS of households squeezed in along the lake shore, distributing and keeping costs down. Even the high paying lake residents pay less in tax than they would in another town for an equivalent property and equivalent town spending. Meredith's tax rate for example is twice Moultonborough's, as are almost all other towns around the lake, i.e. twice as much tax to pay on an equivalent valuation.

The cost comes in when you consider that the population explodes in the summer and those summer folks DO consume town services. They use the library, the senior center, police and fire services, beat up the roads more, etc. The town has to pay for those services.

The temptation is that a local resident (not living on the lake) that wants a new service can pay $50 in taxes for it and the lake people will pay $250 in taxes. What a deal. When YOU don't pay the large portion of a bill, why not go BIG! If you could pay Toyota Corolla prices and get a Mercedes E-class and have someone else pay the difference, why not? It's a rather unique setup.

Yet, Moultonborough has close to the lowest tax rate in the state. The town spending is not an undue burden compared to the rest of the state.

It seems to me the question is one of fair assessment. Property values ARE rising. It is the blessing/curse of a robust economy and a desirable location to live. It is correct and legally required to have current evaluation on property. Raised valuation does not directly equate to raised tax paid. That depends on how YOUR property value currently compares to others in the town and changes in the town budget. It is likely the tax RATE will drop. Yes, NH relies heavily on property taxes. This should not be a surprise. And BTW, NH's overall tax burden is one of the lowest in the nation.

I'm not saying we shouldn't keep a watch on taxes and spending. I'm just saying we should keep things in perspective.
I understand what you are saying, and don't disagree. What I do find problems with is the argument is that Mboro somehow has to catch up to the tax rate of other more out of control towns. Its like the towns fostering slab cities (trailer parks, with loads of school aid children) complaining they need money from other towns. They made their bed, so they should sleep in it. Just like I don't want M'boro to follow the over spending trends of others, so if the economy turns down, who will be holding the bag ? (the locals and the banks, lol)
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