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Old 09-11-2019, 10:14 PM   #77
TiltonBB
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Join Date: Feb 2005
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Quote:
Originally Posted by Descant View Post
Tilton BB. In a sense you are taxed less. The market value of your island home reflects the seasonal occupancy and the lack of services. If you had the same house on the mainland with comparable shorefront the assessment and the taxes wuuld be much higher. You knew that, right?
Yes, I do know that properties are taxed on fair market value and island properties are typically valued less than a similar property on the mainland.

A prior poster took the position that because people on certain properties made their living from the lake should be taxed more because of that.

My attempt was to point out that people could come up with any number of reasons why they should be taxed less (or more). The system that only takes into consideration the fair market value of the property seems the most equitable at this time.
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