Wolfeboro Tax Rate

nightrider · 11-07-2018, 07:42 PM

A tax increase of $800 to $1,000 every year is excessive any way you look at it.

kawishiwi · 11-07-2018, 08:48 PM

All the tax loving liberals in Wolfeboro just voted for Republicans for Governor & U.S. Representative.
This appears to be true for all of the other (Winni) lakeside towns.

BlackcatBoater · 11-08-2018, 08:52 PM

Quote:

Originally Posted by nightrider

A tax increase of $800 to $1,000 every year is excessive any way you look at it.

If my assumption is correct- if your tax rate went up $1 per thousand, that would mean it is an $800,000 to $1,000,000 property. If that extra $1,000 per year hurts, maybe sell down and live normally like the rest of us?

8gv · 11-08-2018, 09:51 PM

Sometimes a property is owned by a family for many years.

High income folks from away often drive up real estate values as they compete for properties.

As the value of similar properties increases, so follow the taxes.

This can result in the family needing to sell because they can no longer afford to pay the taxes.

In Florida they have a system in place which mitigates this.

As long as your Florida home is your primary residence, your assessment and thus the annual tax bill, can only increase by a nominal rate which I believe to be 2%.

This protects the owner from the tax escalation that results from a very hot real estate market.

Once the property is sold the assessment and therefore taxes increase to what the current market reflects.

I believe this law was passed under the name "Save our homes."

Rusty · 11-08-2018, 10:00 PM

Quote:

Originally Posted by nightrider

A tax increase of $800 to $1,000 every year is excessive any way you look at it.

Thank you for keeping my taxes low. You rich guys are paying 75% of the Wolfeboro total taxes.

11-07-2018, 07:42 PM	#1
nightrider Senior Member Join Date: Apr 2004 Location: winter harbor Posts: 200 Thanks: 4 Thanked 33 Times in 18 Posts	Tax-a-boro A tax increase of $800 to $1,000 every year is excessive any way you look at it.

11-07-2018, 08:48 PM	#2
kawishiwi Senior Member Join Date: Apr 2014 Posts: 519 Thanks: 227 Thanked 167 Times in 108 Posts	Um... All the tax loving liberals in Wolfeboro just voted for Republicans for Governor & U.S. Representative. This appears to be true for all of the other (Winni) lakeside towns. __________________ "I don't take responsibility at all."

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11-08-2018, 09:51 PM	#4
8gv Senior Member Join Date: Jan 2012 Posts: 2,092 Thanks: 64 Thanked 744 Times in 478 Posts	Sometimes a property is owned by a family for many years. High income folks from away often drive up real estate values as they compete for properties. As the value of similar properties increases, so follow the taxes. This can result in the family needing to sell because they can no longer afford to pay the taxes. In Florida they have a system in place which mitigates this. As long as your Florida home is your primary residence, your assessment and thus the annual tax bill, can only increase by a nominal rate which I believe to be 2%. This protects the owner from the tax escalation that results from a very hot real estate market. Once the property is sold the assessment and therefore taxes increase to what the current market reflects. I believe this law was passed under the name "Save our homes."

The Following 3 Users Say Thank You to 8gv For This Useful Post:
ApS (11-09-2018), Biggd (11-09-2018), nightrider (11-16-2018)