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Originally Posted by MJP
I'm not going to get into this debate; frankly I'm just too tired of it all to continue. I found I must correct you on this point, however. Lakefront property owners ARE assessed at a higher rate. We have something, at least in Alton, called a view tax added on when our property is assessed. This year they began assessing at 100% value and the "view" adds a lot. Shore front here is assessed at a much higher value.
Since the information is available to the public on-line, I'll give you an example. This example is for less than 1/2 acre, in fact, .43 acres to be exact. The land use coding is "waterfront". It is assessed at, FOR THE LAND ALONE, $625,000. You think .43 acres, land only, is assessed for that in oh, say, Warren, NH or any other non-waterfront spot?
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they are not assesed at a higher rate they are taxed on the value of thier lot which is affected by view and ownership of watefront. I know towns play some games with this increasing values far more dramatically on the lake versus inland but the fact is very few lakefront homes are tax assessed for more than their value to people really can't complain. Sure it stinks that the taxes are high and people can't afford to pay them but you don't see people complaining that the camp they bought for $25,000 back in 1975 is now worth $850,000. You can't benefit on the appreciation side and not expect to pay more in taxes.