[John Mercier]

Originally Posted by jeffk

With a little digging I found that the new Center Harbor town valuation for 2022 is $717,205,779 compared to $438,620,781 last year. That is a 63.5% increase in valuation.

By my math (subject to review), with spending being flat, the new tax rate would be:

$15.27 (2021 rate) X ($438,620,781/$717,205,779) = $9.34

Since the actual rate set is $8.99, obviously spending has dropped a bit. I won't go into details, and it is always possible I made a math error, but it looks like the municipal, state ed, and local ed rates (and comparative spending) all went down a bit more than the valuation adjustment would result in. The county rate went up more than the valuation adjustment.

There are many influencers on these numbers, but overall the government seems NOT to have increased spending, which is good.

So, if your taxes in Center Harbor have gone up, it is because your property values have spiked more than the average 63.5% and the tax burden has been shifted to you. It's how the property tax game is played but OUCH!

The math can be tough due to secondary revenues - registrations/etc.
The expenditures would have been set by town vote back last spring.