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Woodsy · 08-23-2005, 03:45 PM

To answer DPG's question... probably. The property assesments are based on what similar properties have sold for. Now if the market is cooling as some pundits suspect, then its entirely possible the answer could be no. You always have the option of filing for a tax abatement if you think you are over assessed. This potentially opens a can of worms, you run the risk that in some cases they will assess your property value even higher. I am sure there are exceptions, but when your property values start reaching into the high 6 digit, low 7 digit range, the number of potential buyers diminishes drastically, so properties tend to be for sale alot longer.

"People who own a second property - of course I have a vested interest in the well being of the town! First, it plays a significant role in the value of my investment. Second, I am counting the days until the second property is the only property. I've seen posts from others with similiar plans."

Most (not all) 2nd property owners have very little interest in what goes on in thier town unless it will effect thier tax rate (wallet) or their property value. Thats the problem in a nutshell! It has been my experience to watch many a 2nd property owner complain about anything that was going to increase thier tax rate regardless, if it was good for the full time residents or not. The proposed Laconia HS is just one of those projects easily pointed to. MaryS brought up Moultonborough Academy as another. I am sure there are many other projects and town expeditures that can be used as examples too. Most 2nd property owners just want to minimize thier cost of ownership.

As far as the EZ Pass fiasco, I just went from Laconia to Virginia Beach and back to get a boat. With the exception of the Cheasapeake Bay Bridge, every single tollbooth had an EZ Pass lane. The company may be questionable, but there is no sense going with a different company that nobody elese uses! I wish I had purchased a transponder before I left. It would have save alot of time.

Woodsy

08-23-2005, 03:45 PM	#55
Woodsy Senior Member Join Date: May 2004 Location: Weirs Beach Posts: 1,968 Thanks: 80 Thanked 980 Times in 440 Posts	To answer DPG's question... probably. The property assesments are based on what similar properties have sold for. Now if the market is cooling as some pundits suspect, then its entirely possible the answer could be no. You always have the option of filing for a tax abatement if you think you are over assessed. This potentially opens a can of worms, you run the risk that in some cases they will assess your property value even higher. I am sure there are exceptions, but when your property values start reaching into the high 6 digit, low 7 digit range, the number of potential buyers diminishes drastically, so properties tend to be for sale alot longer. "People who own a second property - of course I have a vested interest in the well being of the town! First, it plays a significant role in the value of my investment. Second, I am counting the days until the second property is the only property. I've seen posts from others with similiar plans." Most (not all) 2nd property owners have very little interest in what goes on in thier town unless it will effect thier tax rate (wallet) or their property value. Thats the problem in a nutshell! It has been my experience to watch many a 2nd property owner complain about anything that was going to increase thier tax rate regardless, if it was good for the full time residents or not. The proposed Laconia HS is just one of those projects easily pointed to. MaryS brought up Moultonborough Academy as another. I am sure there are many other projects and town expeditures that can be used as examples too. Most 2nd property owners just want to minimize thier cost of ownership. As far as the EZ Pass fiasco, I just went from Laconia to Virginia Beach and back to get a boat. With the exception of the Cheasapeake Bay Bridge, every single tollbooth had an EZ Pass lane. The company may be questionable, but there is no sense going with a different company that nobody elese uses! I wish I had purchased a transponder before I left. It would have save alot of time. Woodsy Last edited by Woodsy; 08-23-2005 at 03:49 PM.