Taxes on Summer Camps

[Rufus]

Just for clarification, AMC's Three Mile Island Camp pays property taxes to Meredith. Last their bill was just shy of $20,000. They also paid about $15,000 is lodging and meals taxes in 2007.

[fatlazyless]

Originally Posted by Rufus

Just for clarification, AMC's Three Mile Island Camp pays property taxes to Meredith. Last their bill was just shy of $20,000. They also paid about $15,000 is lodging and meals taxes in 2007.

The AMC does a lot of good things, what with their White Mountain trails as well as their Three Mile Island Camps on Lake Winnipesaukee.

Just to put things in perspective, here's a little comparision in property taxes that may have you realizing that your $20,000.Meredith property tax is a super bargain basement deal for Three Mile Island.

With 43 wooded acres, 47 cabins, a main house, a boat house, and an unknown (maybe 8000'wf?) length of island waterfront, Three Mile Island, a non-profit organization, pays about $20,000/year to Meredith in property tax.

With a total of one acre and 220' of waterfront, myself and my three neighbors occupy four 1/4 acre lots with 55' of waterfront each. The combined total in property tax for this one acre is about $35,000/year.

That is correct. Three mile island has 43 acres and pays 20k. We four separate owners have one acre total, and we pay 35k.

Just something to think about if maybe you have been considering that your 20k tax bill was a bit high.

[P-3 Guy]

Originally Posted by fatlazyless

The AMC does a lot of good things, what with their White Mountain trails as well as their Three Mile Island Camps on Lake Winnipesaukee.

Just to put things in perspective, here's a little comparision in property taxes that may have you realizing that your $20,000.Meredith property tax is a super bargain basement deal for Three Mile Island.

With 43 wooded acres, 47 cabins, a main house, a boat house, and an unknown (maybe 8000'wf?) length of island waterfront, Three Mile Island, a non-profit organization, pays about $20,000/year to Meredith in property tax.

With a total of one acre and 220' of waterfront, myself and my three neighbors occupy four 1/4 acre lots with 55' of waterfront each. The combined total in property tax for this one acre is about $35,000/year.

That is correct. Three mile island has 43 acres and pays 20k. We four separate owners have one acre total, and we pay 35k.

Just something to think about if maybe you have been considering that your 20k tax bill was a bit high.

Holy thread resurrection, Batman...

The reason (or at least a big part of it) that your property and that of your neighbors is taxed at such a disproportionately high rate when compared to the property tax that the AMC pays for Three Mile Island is that your smaller properties are not eligible for current use valuation, and are thus assessed at their highest and "best" use. To the maximum extent possible, Three Mile Island acreage is enrolled in current use.