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Old 11-22-2011, 08:43 PM   #1
nightrider
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Default Skyrocketing taxes

I recently received my Wolfeboro tax bill and was astonished at the tax rate increase. The rate increased by 10.5 %. This is incredible!!!!! Does anyone know what reasoning the town has used to justify this outrageous increase? My assessed value did not decrease so there was no trade off there. Is this even legal? Any thoughts???
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Old 11-27-2011, 08:16 PM   #2
Mink Islander
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Default Tax rate alone doesn't tell you much

The tax rate is simply the product of your town budget (and other state assessments) divided into the total assessed real estate value for the town. If the rate changed, it could be that the value of the tax base declined (possible for non waterfront property given current real estate values) or the total budget went up. Town meeting approves the budget so if that went up, the voters did it. That's how town government works. The state assessment is another matter.

My point is only that the tax rate is simply the way the town's total tax burden is spread around. Whether it goes up or down does necessarily mean anything. The better question is how much did Wolfboro's total tax burden go up and why.

Then it's a question of how much the value of your home changed RELATIVE to all other properties in town.

Those two figures are really what drive your taxes. Not the rate per se.

Just my 2cents.
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Old 01-20-2014, 08:31 PM   #3
minni on winni
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Cool laconia taxes

Our most recent tax assessment was $30,000 more than the July assessment!!!! Doesn't make any sense since 4 properties surrounding us are for sale and are listed for less than the July assessments. The only thing we can do is file for an abatement. And make sure it is filed on time!
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