'21 Moultonborough Tax Rate Delay

phoenix · 12-30-2021, 03:04 PM

The official numbers published by the town assessors office has tax rate in 2020 at $7.13 and 2021 at $6.98 times your assessment

phoenix · 12-30-2021, 03:09 PM

[attach]17366

Sue Doe-Nym · 12-30-2021, 04:05 PM

I had completely forgotten the change in fiscal years for Moultobborough, and I hope they will correct future billing, especially critical for those whose taxes are a part of their monthly mortgage payment, I think. The BOS should have listened to Chuck McGee re the millage instead of taking the easiest and more costly route.

Descant · 12-30-2021, 04:41 PM

Fred W, welcome to the Forum.
These tax questions come up here routinely, with the same misunderstandings repeated routinely. The key in this one, and I'm amazed it took 41 posts to get to it, is exactly what Tummyman said. You're going through a transition year to move from a calendar year to a fiscal year. Only a handful of towns have done this.
If you have a mortgage and escrow your taxes, your February escrow recalculation will put everybody in a tizzy again when the banks computer wants to raise your monthly tax escrow. It would be nice if the Town Selectmen would generate a form letter that you all could send to your respective mortgage servicing companies. Or, DRA may already have such a letter from previous towns going through this evolution.

Thanks to Tummyman for a great explanation.

tis · 12-30-2021, 06:58 PM

Fred W. -- and the one question you asked that tummy man didn't answer is why don't many people even realize their taxes go up. I believe a lot of it is because the bank pays their taxes monthly, included in their mortgage. I don't think some of them even look at their tax bill or maybe it isn't even sent to them. I have often wondered myself why more people don't pay attention.

phoenix · 12-30-2021, 08:14 PM

Not to belabor this but my assessment went up around 9% and taxes 7% which reflects the drop in tax rate so not sure what i missed

Sue Doe-Nym · 12-30-2021, 08:47 PM

Without sitting down with a calculator, my recollection is that our property taxes were roughly $550 higher than last year’s with an increase in our assessment of approximately $100k+/-. If 18 months of property taxes are factored in, I am thinking that there wasn’t a tax increase at all. What say you, fellow forum members?

Cal-to-NH · 12-31-2021, 04:27 PM

Yes,

This is exactly the answers to the question I asked. Thanks Fred for facilitating the answers that have been posted here and thanks to Tummyman for the enlightenment, and Tis for pointing out a reason why people don't really notice sometimes.

12-30-2021, 03:04 PM	#1
phoenix Senior Member Join Date: Apr 2004 Location: phoenix and moultonboro Posts: 1,520 Thanks: 58 Thanked 268 Times in 188 Posts	The official numbers published by the town assessors office has tax rate in 2020 at $7.13 and 2021 at $6.98 times your assessment __________________ it's tough to make predictions specially about the future

12-30-2021, 03:09 PM	#2
phoenix Senior Member Join Date: Apr 2004 Location: phoenix and moultonboro Posts: 1,520 Thanks: 58 Thanked 268 Times in 188 Posts	[attach]17366 Attached Images __________________ it's tough to make predictions specially about the future

12-30-2021, 04:41 PM	#4
Descant Senior Member Join Date: Mar 2006 Location: Merrimack and Welch Island Posts: 4,069 Thanks: 1,225 Thanked 1,530 Times in 989 Posts	Welcome; Escrowing taxes? Fred W, welcome to the Forum. These tax questions come up here routinely, with the same misunderstandings repeated routinely. The key in this one, and I'm amazed it took 41 posts to get to it, is exactly what Tummyman said. You're going through a transition year to move from a calendar year to a fiscal year. Only a handful of towns have done this. If you have a mortgage and escrow your taxes, your February escrow recalculation will put everybody in a tizzy again when the banks computer wants to raise your monthly tax escrow. It would be nice if the Town Selectmen would generate a form letter that you all could send to your respective mortgage servicing companies. Or, DRA may already have such a letter from previous towns going through this evolution. Thanks to Tummyman for a great explanation.

12-30-2021, 08:14 PM	#6
phoenix Senior Member Join Date: Apr 2004 Location: phoenix and moultonboro Posts: 1,520 Thanks: 58 Thanked 268 Times in 188 Posts	Not to belabor this but my assessment went up around 9% and taxes 7% which reflects the drop in tax rate so not sure what i missed __________________ it's tough to make predictions specially about the future

12-30-2021, 08:47 PM	#7
Sue Doe-Nym Senior Member Join Date: Jul 2009 Posts: 1,373 Thanks: 712 Thanked 758 Times in 393 Posts	Moultonboro taxes Without sitting down with a calculator, my recollection is that our property taxes were roughly $550 higher than last year’s with an increase in our assessment of approximately $100k+/-. If 18 months of property taxes are factored in, I am thinking that there wasn’t a tax increase at all. What say you, fellow forum members?

The Following User Says Thank You to phoenix For This Useful Post:
Blyblvrd (01-02-2022)

12-30-2021, 04:05 PM	#3
Sue Doe-Nym Senior Member Join Date: Jul 2009 Posts: 1,373 Thanks: 712 Thanked 758 Times in 393 Posts	I had completely forgotten the change in fiscal years for Moultobborough, and I hope they will correct future billing, especially critical for those whose taxes are a part of their monthly mortgage payment, I think. The BOS should have listened to Chuck McGee re the millage instead of taking the easiest and more costly route.

12-30-2021, 06:58 PM	#5
tis Senior Member Join Date: Jan 2006 Posts: 6,427 Thanks: 722 Thanked 1,388 Times in 962 Posts	Fred W. -- and the one question you asked that tummy man didn't answer is why don't many people even realize their taxes go up. I believe a lot of it is because the bank pays their taxes monthly, included in their mortgage. I don't think some of them even look at their tax bill or maybe it isn't even sent to them. I have often wondered myself why more people don't pay attention.

The Following User Says Thank You to tis For This Useful Post:
Cal-to-NH (12-31-2021)

12-31-2021, 04:27 PM	#8
Cal-to-NH Senior Member Join Date: Mar 2015 Location: Moultonborough Posts: 100 Thanks: 11 Thanked 48 Times in 23 Posts	Moultonborough taxes Yes, This is exactly the answers to the question I asked. Thanks Fred for facilitating the answers that have been posted here and thanks to Tummyman for the enlightenment, and Tis for pointing out a reason why people don't really notice sometimes.

The Following User Says Thank You to Cal-to-NH For This Useful Post:
DotRat (12-31-2021)