From the Laconia Sun:
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While the property is assessed for tax purposes at $23,109,500, it is being offered for sale for $17.8 million — $31.2 million less than the $49 million asking price when it first went on the market four years ago. Two years ago the Bahres cut the asking price in half to $25.8 million.
Based on the current Alton tax rate of $12.86 per $1,000 of assessed value, the Bahres paid $309,280.17 in property tax. On July 30, the town of Alton reduced the assessment on the property by $936,400 and refunded the Bahres $12,092 they had paid on their 2017 tax bill.
I told you it was a LOT more than 60,000 a year! Now do you believe me?
I remember being told a long time ago he paid a thousand dollars a day in just property taxes to live there.
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