HUB status in Moultonborough

longislander · 12-20-2022, 06:46 PM

Just finished supper (stir-fry) and took another look at my calculation for my assessment. I must have been dazed before supper with the calcualtions. My bill would come in at an increase of 6.09% of the 2022 tax bill, not 21.3%.

Sue Doe-Nym · 12-20-2022, 07:36 PM

I am not sure of your calculations, but don’t forget the 13%+/- rebate we got from the town in 2022 for tax overpayments returned to the taxpayers. If you figure that 13% + your 7%, the amount is roughly your original amount. Don’t forget….that tax rebate was a one time event.

longislander · 12-20-2022, 08:25 PM

The $1.8 million returned to the taxpayers was what brought the rate down to $4.78/$1000. That was part of the unassigned funds and the select board still had enough money for the 12.5% that is supposed to be kept for unexpected expense, according to town policy #32. I was part of that debate at the select board meeting, arguing for returning the $1.8 mllion to the taxpayers. Some of the 5 select board members wanted to put into capital reserves. One of the capital reserve funds is CR148. It happens to be the capital reserve fund for a Community/recreation center! The board vote was 3-2 to give back the $1.8 miillion to the taxpayers. Yes there are strong Hub supporters on the select board.

https://www.moultonboroughnh.gov/sit...alance2015.pdf

longislander · 12-20-2022, 08:53 PM

Quote:

Sue Doe-Nym

Quote:

a property assessed at $1,000,000

$1,000,000 X $.00478 = $4780
$1,000,000 X $.00507 = $5070

$5070 - $4780 = $290

$290 is what percent of $4780
$290 = y/100 X $4780
6.1% = Y or the percentage increase in the 2022 tax bill
or
29000 divided by 4780 = 6.1

12-20-2022, 06:46 PM	#1
longislander Senior Member Join Date: Jun 2007 Location: Moultonborough Posts: 545 Thanks: 49 Thanked 100 Times in 75 Posts	Just finished supper (stir-fry) and took another look at my calculation for my assessment. I must have been dazed before supper with the calcualtions. My bill would come in at an increase of 6.09% of the 2022 tax bill, not 21.3%.

12-20-2022, 07:36 PM	#2
Sue Doe-Nym Senior Member Join Date: Jul 2009 Posts: 1,425 Thanks: 743 Thanked 788 Times in 413 Posts	I am not sure of your calculations, but don’t forget the 13%+/- rebate we got from the town in 2022 for tax overpayments returned to the taxpayers. If you figure that 13% + your 7%, the amount is roughly your original amount. Don’t forget….that tax rebate was a one time event.

12-20-2022, 08:25 PM	#3
longislander Senior Member Join Date: Jun 2007 Location: Moultonborough Posts: 545 Thanks: 49 Thanked 100 Times in 75 Posts	The $1.8 million returned to the taxpayers was what brought the rate down to $4.78/$1000. That was part of the unassigned funds and the select board still had enough money for the 12.5% that is supposed to be kept for unexpected expense, according to town policy #32. I was part of that debate at the select board meeting, arguing for returning the $1.8 mllion to the taxpayers. Some of the 5 select board members wanted to put into capital reserves. One of the capital reserve funds is CR148. It happens to be the capital reserve fund for a Community/recreation center! The board vote was 3-2 to give back the $1.8 miillion to the taxpayers. Yes there are strong Hub supporters on the select board. https://www.moultonboroughnh.gov/sit...alance2015.pdf