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Old 09-11-2019, 09:44 PM   #76
Descant
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Default Current use?

Quote:
Originally Posted by gwhite13 View Post
I defer to the particulars but, not to long ago an estate in Moultonborough sold for several million, was only taxed for less than a single million. That may be where the crux of the issue may lay. Still love the town though.
If there was significant land in current use, the property tax could have been low. The land could be very valuable on the market and the town will collect "Land Use Change Tax" when it comes out of current use. Alternatively, the house and a lot could have been assessed at a million and an adjacent but separate valuable parcel could have been part of the deal. Too many variables to draw conclusions.
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