Quote:
Originally Posted by NoRegrets
Your tax is based on land value plus improvement value or the value of the house. The house was destroyed 12 days into the tax year. I would expect the land still has value but to still have to pay for the house after it is destroyed is just wrong.
I am sure the amount of taxes these few cottages bring into the town were eclipsed by the new homes built last year. If the facts are true in the first post I have no compasion for the towns decision to charge a full year of tax.
|
Works both ways though. When you build a house if you completed the construction 12 days after the tax deadline when you got your CoO, you would get the lower tax benefit until the next cycle.
Also, none of this is determined by the selectmen. Property taxes are based on appraised value. Next year, if one of the impacted owners has not re-built the value will drop to the land value plus any improvements.
I'm surprised how people are getting worked up about this because this is how its always worked. If you build a deck or add on a room, etc. (and legally get the proper permits) your property taxes don't go up until the next tax cycle even though the improvements are complete.