Quote:
Originally Posted by John Mercier
Do you have a link? As the State Park is still tax exempt. The buildings and improvements are like any lease/rental... when it is over the landowner assumes ownership of all improvements. There may be local or county property tax payments on the private property around the area that is owned and developed by the corporation... and the new lease suggests more land will be added to the State Park.
The State pays five years of transition property taxes for newly acquired park property... but after that nothing.
|
From the 2015 Master Development Plan:
"Mount Sunapee has paid the Town of Newbury approximately $2,225,000 in local property taxes, and has paid the Town of Goshen approximately $245,000 in local property taxes in the 16 years of the lease. Prior to the 1998 lease agreement, the Towns of Newbury and Goshen received no local property tax payments from the ski area"
"Mount Sunapee has paid the State of New Hampshire approximately $1,855,000 in Rooms and Meals taxes since 1998, and stimulated substantial additional Rooms & Meals tax revenues from the Sunapee region for the benefit of the State’s General Fund. Mount Sunapee has paid the State of New Hampshire approximately $1,257,000 in Business Profits Taxes"