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Old 05-04-2017, 03:40 PM   #16
Woodsy
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Join Date: May 2004
Location: Weirs Beach
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Major...

The math is pretty simple....

In 2009 Laconia's tax rate was $16.97 per thousand assessed. So If you paid $8000 in taxes in 2009 your house was valued at approx. $471,500.
$8000/$16.97 = $471,420

In 2017 Laconia's tax rate is $22.20 per thousand assessed. So if your house value didn't change...
471.42 x 22.20 = $10,465.52 tax bill (31% increase)

So if your taxes have gone up 59% ($8000 x .59 = $4720) they jumped from $8000 to $12,720. So the difference lies in your appraised value.
$12,720/22.20 = $572,972 tax assessed value.... 21.5% increase in home value over the 8 years.

If you think you are being unfairly assessed, you should definitely appeal to the town... (I certainly would) My guess is with median average for sale in Southdown being $436K, you probably aren't going to win. Southdown/Long Bay is a victim of its own success.

PS... My condo in the Weirs is assessed at 90% value. Per the state laws.

Woodsy
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