From the minutes of the last selectman's meetings there was a discussion about using excess assessments to reduce the tax rate (had a large increase in assessed values) . Two wanted to leave the excess in additional reserve. The vote was 3-2 to reduce the tax rate. I wonder if the other two wanted to
increase in the reserve account for HUB. I am sure someone who was there might know.

:rolleye2: No kidding.

The Nov.3, 2022 discussion on the Unassigned Funds from 2022 was an attempt by two board members to "review and refill" the Capital Reserves accounts. The Capital Improvements Program Committee reviews every year, anyway. $1.9 million is the number that was discussed for this year's surplus.

More than likely.

CR148, the Community Center capital reserve account is the only one draining/drained. The Hub group talked the select board to appropriate $23,000 a while back, from this account, to pay some contractors to find out how much the cost will be for The Hub. The last town annual report shows a balance of a little over $27,000. Almost gone. A citizen at the meeting mentioned (tongue-in-cheek) they might as well use the remaining $4,000 or so to get a study on the annaul cost of maintaining the pool.

The last annual report shows a balance a total of capital reserves of $5.3 million or so with about 29 accounts or so.

Yes ... after a year, use taxpayer money to find out how much it will cost to build The Hub. Presumption is in anticipation of the May town meeting petition for the Hub and bond.

The last select board meeting of 11/17/2022 was supposed to annouce the new tax rate. A NH DRA issue temporarily prevented this from happening but should come out soon. With the 3 out of 5 select board vote to reduce the tax rate rather than take the tax money and fill some capital reserves should bring the the tax from the present 6.98/1000 to 5.xx/1000.

Moultonborough
Just got town eblast. Hope this tax rate is not a typo!

"Tax Collector: The confirmed Tax Rate for 2022 is $4.78. "

Year Total Municipal County Local Ed State Ed
2022 $4.78 $1.25 $0.80 $1.76 $0.97

2021 2022
$6.98 $4.78 Total tax rate

-$2.20$ -31.5%


https://www.moultonboroughnh.gov/sit...ory_-_2022.pdf

well, it looks official. Good for selectmen Returning money to taxpayers

When do assessment values change? Specifically, if residents paid half ($3.49) in July with a certain assessed value, will the assessed value be the same for the December bill?

And, if so, the equation will be assessment/1000 x 1.29, yes?

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The property tax year runs from April 1 through March 31. Property taxes are based on the assessed value of your property on April 1 of each tax year.

"The Town of Moultonborough bills twice each year. The first bill of the year is a partial payment, based on one-half of the previous year’s tax .,.. . This tax bill, printed and mailed out near the end of May, is usually due July 3rd every year."

"The tax rate is set in the fall of the year. The final bill is calculated using the new rate multiplied by your property’s assessed value as of April 1st less any payments made on the first bill. Printed and mailed in the middle to end of October, it is usually due December 1st each year. Interest at 8% per annum is charged on tax bills not paid by the due dates."

https://www.moultonboroughnh.gov/tax...illing-process


https://nhtaxkiosk.com/?KIOSKID=MOULTONBOROUGH

so anyone whose assessed value that went up less than 31.5% should see a second half bill lower than the first half

Depends ....

https://www.depend.com/en-us/

Just got back in the house.
All kidding aside.
Just took a look at what my tax should be, if I'm doing this correctly:

old assessment X .00698 = old year tax = x 1/2 = last July tax, that I paid
new assessment X .00478 = new tax = x 1/2 = next tax for next July

This Dec tax:
new assessment X .00478 = new tax base less last July payment = this Dec.tax

Old and new assessments are on the town website property cards tax/gis.

Moultonborough Tax Rate
 

Curious if anyone has been able thus far to validate if the discussed $4.78 number is in fact the new Moultonborough Tax rate?

Thank you in advance.

The moultonborough tax collector has posted on the town website. See attached.

https://www.moultonboroughnh.gov/sit...ory_-_2022.pdf

The tax rate is absolutely meaningless. What is this year's tax levy versus last year's?

i guess i a confused. The assessment for each property has been finalized .My taxes for the year will be my assessed value x the tax rate. so to me its very meaningful

It is in that respect.

But the tax rate going up or down does not cause your tax bill to go up or down, the tax rate is merely a calculation that splits the levy among everyone.

The way that the tax collector in this town publishes the tax rate is not completely honest in my opinion. It gives the impression that taxes are going down. A more honest number would be to publish what the average value home will pay in taxes this year versus last year. I suspect the average tax bill increased this year unless something radical happened. The tax rate is meaningless.

When I read in comments in light of earlier extensive threads on assessments prior to tax rates being published, it sounds like you're more focused on a political point than what the actual bills will be. The assessments are finalized, the rate is critical info for every homeowner.

Tax Levy:IRS :
"A levy is a legal seizure of your property to satisfy a tax debt. Levies are different from liens. A lien is a legal claim against property to secure payment of the tax debt, while a levy actually takes the property to satisfy the tax debt."

tax rate X assessement = tax ... thank you! Keeps away the tax collector when paid.

When paying the town tax, most don't care about average tax bill. They care about their tax.
RE: Moultonborough, why not wait till the moultonborough taxes are sent out. Then see if tax went down. Then the conversations can begin on how "dumb" it was for the select board to return money back to the taxpayer, rather than spend on non-budgeted items.

That is done during the annual budget, when monies are actually being allocated for expenditure.

Assessments don't change the budgeted expenditures.

GOOD QUESTION !

How that woman got elected is beyond comprehension.

Many years ago I had a witch for a tenant.
But was advised by the witch that witches are "good" witches.
As in the vein of Laurie Cabot below.

LINK

Go figure !

Two reason these people keep getting elected- either people don't know how they stand or they are part of the crowd that has their pet project.

Please just read what I wrote and don't try to read my mind, you suck at it.

Exactly John, I've been saying this for quite a while. Budgets also need to be voted on for the spending to happen.

Publishing a graph that shows tax rates decreasing, which is totally meaningless, makes me wonder why the tax collector does it?

Levy means to impose, such as impose a tax on the town.

Part of the problem is that people don't want to understand this stuff. Those who want to spend more money love that. Letting people think that rising real estate prices are the reason taxes rise is deceptive. It needs to stop.

The government should not collect one penny more than it needs, having a surplus is a result of very poor planning IMO.



Side note: Is there a multi quote function in this forum?

I think the BOS started that.
In a City, the budget process is different than the towns... and I think the City Council wanted to somehow promote they were being conservative with tax dollars... even though the tax rate is actually not the real means to confer that.

I think the town BOS just followed along.

I would love to change town budget votes to some time right after people got a tax bill in the mail... that would really do the trick.

Well for most its a drop ( my assessment went up 26% ) so this is a drop. i understand someone is paying more or at least.maybe new construction . of course John will role out his depends

Longislander did the ''depends''.

I don't know what the overall valuation increased in Moultonborough... so I don't know if 26% is good, bad, or par.

Overall valuation up 24.05%........(2022) $4,892,023,118 vs (2021) $3,943,560,976

Sorry john you are correct

Some Input BOS
 

Perhaps one of our current (or past) selectmen could weigh in here, maybe Chuck Mcgee?

I thought the answer to this was that the assessments stay the same for July/December, but it appears that's incorrect and that the assessments stay the same for December and the following July—at least that's what my tax bills show.

Also, December tax bills are ready!

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The do.

The assessmennts are effective as of April 1st ... April 1 to March 31

" ... all property taxes shall be assessed on the inventory taken in April of that year, ..."

http://www.gencourt.state.nh.us/rsa/html/V/76/76-2.htm


The tax rate changes for December

Go to this site. The assessment for both years should be there.

https://www.nhtaxkiosk.com/default.aspx




Since this thread started with "HUB status in Moultonborough", Moultonborough voters should be sure and take the survey:

https://docs.google.com/forms/d/e/1F...O4q1g/viewform

https://thehubmoultonborough.com/

Budgets are voted on ... at town meeting. They can be changed there and modified etc. Some of us have motioned at the meetings, to change a lline item of the budget when the warrant article comes up, to change a number to 0 (zero). If majority vote agrees ... the line item changes to 0. Any other number or vote follows the same process.

My assessment for this (December) bill was higher than for the last (July) bill.

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The July and December assessments should be based in the April assessment.

Your property card on the town tax/gis map should show 2020, 2021, 2022 assessments on the right side.

https://www.axisgis.com/moultonboroughNH/

If you went to the tax kiosk, there should have been the 2021 and 2022 assessments at the bottom left of each invoice.

Or, maybe you should call the tax assessor and ask what are your assessments

Name Title Phone
Thomas P. Hughes Town Assessor (603) 476-2347 x315
Tracy Cragin Assessing Technician (603) 476-2347 x306

I might have posted this prior:

https://www.moultonboroughnh.gov/tax...illing-process

Maybe I do not understand your first sentence, but the June bill is based on the prior year assessed valuations. It is not updated to the new assessments as of April 1st until the December bill.

Ok, that makes sense. I figured the April assessments would have been in place for the July bill.

Thanks!

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I believe it was due in July not June.
But, correcty, the 2022 first half-year tax bill was April 2021 assessment X 6.98/1000.

Maybe April of which year needs to be clearified. "Assessment" in any month, used in conversations can be confusing.

I may be wrong, but this December's tax bill is based on the April 2022 assessment x the new tax rate of the fall of 2022, less payments made against the 2021 assessment X old tax rate (2022 July bill). New tax rate doesn't happen till the fall which became 4.78/1000.

The tax that was due by 7/1/2022 was based on the April 2021 assessment x 6.98/1000 tax rate.

The December 2022 tax bill due 1/11/2023 is based on the April 2022 assessment x 4.78/1000 tax rate less payment on the July bill.

The July 2023 tax bill will be the April 2022 assessment x tax rate set in the fall of 2022 (4.78/1000)

https://www.moultonboroughnh.gov/tax...illing-process


Now, getting back to The Hub thread... How many MoBo residents on this forum have taken the survey? Why aren't you asking what is :

Try extrapolating "the cost" of the Hub from that number and what did they use for assessed value.

Isn't this fun!

Mea Culpa!

Please note the above references to tax bills should be adjusted to acknowledge that tax bills are half year cycles.

I just took the survey.

Two of the questions have to do with tax increases (paraphrased): "would you vote for the HUB for $.06/$1k or $.36/$1k" tax impact? That's a pretty sizable gap.

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From the town eblast I got today:

"Tax Collector: The Tax Bills were mailed from our Printing Company on Monday, December 5, 2022. Please be advised that amounts will be posted online no later than Thursday, December 8, 2022. The due date for the 2nd Half Real Estate Taxes is January 11, 2023. Should you have any questions, please contact the tax office."

The kiosk seems to have the bill; at least mine seems to be correct, including the veteran's discount.

https://www.nhtaxkiosk.com/default.aspx