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tummyman · 11-16-2009, 06:06 PM

Concerning Moultonborough, the tax rate per thousand (mill rate) this year went from $7.66 to $7.70...a slight increase. But don't get too comfortable. A couple of things are about to change. Effective July 1, 2011, the state will revert back to Donor towns to support education unless the governor does something to change a law that has already been passed and is on the books. The last time Moultonborough was a donor town, the state portion of the tax rate was over $2.80 more than it is currently. What if that rate went up by $3.00...an increase of this amount in the state tax would increase your bill by almost 40%. How are you feeling now? Also, the Carroll County folks (Our BOS member and State Rep Betsy Patten is part of this...) are looking at a major nursing home rebuild that is projected to cost maybe $23 million for 103 beds, which will also add to local taxes. Not everyone on the water saw decreases in valuations this past year. It all depends on sales within what Vision Appraisal calls neighborhoods. Maybe this past year you were blessed with a low property sale that meant reduced valuations. But once there is a significant sale at higher rates...bound to happen, you will get royally impacted. My "neighborhood" had one sale and it increased our assessments by over 17% on land alone....due to a fluke that Vision did not want to address. Now we have another property for sale that is offered less than the current assessed value. So we are all anxious to see that sale go down and reduce our assessed values. Just be careful....Moultonborough has wild swings in assessed values, all depending on sales in neighborhoods. One year you feel great and the next year you get hit hard. And then the town may do more things to hike things...like the Community Center funding, Fox Hollow Road, etc .etc. Don't spend those lower tax dollars now...put them into the bank or under the mattress, as you will pay sooner or later.

11-16-2009, 06:06 PM	#5
tummyman Senior Member Join Date: Aug 2009 Location: Moultonborough Posts: 845 Thanks: 261 Thanked 698 Times in 246 Posts	Moultonborough Taxes...... Concerning Moultonborough, the tax rate per thousand (mill rate) this year went from $7.66 to $7.70...a slight increase. But don't get too comfortable. A couple of things are about to change. Effective July 1, 2011, the state will revert back to Donor towns to support education unless the governor does something to change a law that has already been passed and is on the books. The last time Moultonborough was a donor town, the state portion of the tax rate was over $2.80 more than it is currently. What if that rate went up by $3.00...an increase of this amount in the state tax would increase your bill by almost 40%. How are you feeling now? Also, the Carroll County folks (Our BOS member and State Rep Betsy Patten is part of this...) are looking at a major nursing home rebuild that is projected to cost maybe $23 million for 103 beds, which will also add to local taxes. Not everyone on the water saw decreases in valuations this past year. It all depends on sales within what Vision Appraisal calls neighborhoods. Maybe this past year you were blessed with a low property sale that meant reduced valuations. But once there is a significant sale at higher rates...bound to happen, you will get royally impacted. My "neighborhood" had one sale and it increased our assessments by over 17% on land alone....due to a fluke that Vision did not want to address. Now we have another property for sale that is offered less than the current assessed value. So we are all anxious to see that sale go down and reduce our assessed values. Just be careful....Moultonborough has wild swings in assessed values, all depending on sales in neighborhoods. One year you feel great and the next year you get hit hard. And then the town may do more things to hike things...like the Community Center funding, Fox Hollow Road, etc .etc. Don't spend those lower tax dollars now...put them into the bank or under the mattress, as you will pay sooner or later.