Quote:
Originally Posted by kjkam
If they visited each property it would be unlikely that each would have seen the exact same 41.9% increase. I’m in no way debating that waterfront property is not worth more than non water front, but for almost every waterfront owner to see such an increase (with a few curious exceptions) is crazy. There is only so much people can afford, increase them too much and the value of the properties will decrease. Owners around Pagus bay and Wiers Beach should take a long hard look at seceeding from a city that provides so little value, yet consumes so much.
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I concur with your comment 100%, raising the taxes on a market fluctuation and to the tune of 35+ percent is a pretty substantial increase. Is waterfront more valuable, well Woodsy Duh, but on the flip side I paid 210K about three years ago, the city claimed a 232K value, I let it slide and figured the process for abatement way to involved for the free time I have and I still feel that way today. No I won't fight the increase, I'll do what I'm sure others will do and consider my options and perhaps sell, we get nothing, let me be clear nothing from the city of laconia, nothing changed except they increased my property taxes and will still give me nothing.
Here here to succession, would sure make me happy, the Town of Weirs, nice.
Let's see if the city adjust accordingly when and if the market tanks, to the tune of 40 Percent.........