View Single Post
Old 11-24-2017, 06:26 AM   #53
Senior Member
joey2665's Avatar
Join Date: Sep 2008
Location: Meredith Bay & LI, NY
Posts: 1,888
Thanks: 351
Thanked 458 Times in 305 Posts

Originally Posted by PeterG View Post
Oops, sorry--I should read more carefully.

But with all due respect, especially after my misreading of your post--If the recipient is a real charity, and I believe the previously cited Loon Preservation Committee would qualify here, they will not need to pay property taxes.

There is an application process and itís not guaranteed they will be exempt from property tax. Given the history of Laconia and property taxes i would say it is highly unlikely they would give up the tax revenue from a piece of property that would be assessed near 2M. That is roughly 30k yearly for the city to forgo.

Sent from my iPhone using Winnipesaukee Forum mobile app
joey2665 is offline   Reply With Quote