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Old 11-15-2013, 11:18 PM   #17
ITD
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This is a problem as taxes get more and more confiscatory. A golf course in NH needs to make it's money in 4 or 5 months out of the year. That tax bill is a huge chunk of the profit, if a profit even exists. The 13.5 million valuation is probably mostly for the land. When it's a golf course the costs to the town are much lower than when the course goes out of business from the tax load and gets split into 100 lots, each bring 2 or so kids who must be educated for 13 years each.
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