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ITD · 08-22-2009, 08:26 AM

I feel bad for ya Sam, if the towns overall valuation went down 5.9% then the tax rate will go up accordingly to compensate. The amount they collect on a whole is not lowered when the total valuation goes down. That means your increase in taxes will be close to 40% if they don't do something. Good luck.

08-22-2009, 08:26 AM	#20
ITD Senior Member Join Date: Apr 2004 Location: Moultonboro, NH Posts: 2,931 Thanks: 478 Thanked 693 Times in 388 Posts	I feel bad for ya Sam, if the towns overall valuation went down 5.9% then the tax rate will go up accordingly to compensate. The amount they collect on a whole is not lowered when the total valuation goes down. That means your increase in taxes will be close to 40% if they don't do something. Good luck.