My valuation jumped almost $95K on my 1000 sq ft townhouse in Laconia. I am not really complaining too much as we have been under assessed for awhile. I think most people in Laconia were underassessed, so there is a bit of a shock when the bill comes due. Luckily, I still have a little room before the tax assessment hits full market value.
Unfortunately (or fortunately depending on your POV), this meteoric rise in value can be attributed to Covid and how this state managed it as well as a shortage of properties for sale. I do think there might be a 5% or so price correction coming, but until inventory exceeds demand, I do not think much will change pricewise.
Woodsy
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The only way to eliminate ignorant behavior is through education. You can't fix stupid.
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