Quote:
Originally Posted by codeman671
Not true. If someone buys a property with a building on it and rips down the building the value is worth less and can be reassessed accordingly. Sales price and assessments don't usually match 100% anyhow. My home is proof of that, so weren't my last two. In fact, probably every one I have ever owned shows the same.
From Meredith Weekender's post above it appears that Laconia already thought of this and put in a clause to prevent them from altering the property in a way that would reduce the tax base.
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I stand corrected. Thanks