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Old 10-25-2017, 01:08 PM   #17
ishoot308
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Join Date: Feb 2008
Location: Gilford, NH / Welch Island
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Quote:
Originally Posted by joey2665 View Post
Dan what do the taxes usually run on a slip, in Laconia if you know?
I don't have that info handy but I believe Gilford's tax rate is $18.00 per. I remember a few years back when we were looking to purchase a slip (they were cheaper then!) between the condo / yacht club / marina fees and the taxes it cost almost exactly the same as renting and that is if you pay cash. If your taking a loan out on the slip you must now add in interest paid.

Now I understand if purchased you have something that is owned physically that you could eventually sell maybe at a profit but I just couldn't justify the numbers at that time. To me we were better off renting and using the cash we would of paid towards the slip and invest it wisely to get some kind of return on it.

Obviously buying it at the right price at the right time in the right location makes all the difference. Some here have done just that and I am sure they will chime in.

Good luck!

Dan
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