Quote:
Originally Posted by Cal-to-NH
Hi folks:
My taxes went up astronomically, and the total tax rate per $1000 valuation nearly doubled
I don't know how some folks are reporting 5% increases - maybe it's me?
tax rate per $1,000 valuation
County: Last year 0.67 This year 1.01 - whopping 77% increase
School: Last year 1.04 This year 1.97 - big 89% increase
State Ed: Last year 0.89 This year 1.67 - 88% increase
TOTAL LAST YEAR 3.55 TOTAL THIS YEAR 6.98
I guess I just don't understand enough about revenue-generation for the State and County
I know it's easy to say COVID, but I know the county makes money on the 1.4% tax on home sales as well as permits, registration fees, etc... - and I don't know about your thoughts, but it BOOMED here in Moultonborough, and I don't think it's only us - I would have guessed they were swimming in cash.
Strangely I would personally believe that it cost more for education due to COVID - extra PPE, buying ZOOM licenses for all faculty and staff, additional cleaning and disinfection, etc... Again, though I wouldn't have expected it to double my tax rate.
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While the county sells the tax stamps - and it is a $1.50 per 100 - it goes to the State unrestricted funds with some of it being used as the State allocation to the Education Fund. Permits are municipal, along with registration - a portion to the State.