Winnipesaukee Forum - View Single Post

Weekend Pundit · 09-16-2006, 05:24 PM

I certainly have questions about my assessment. We bought a house in Gilford last year. One year later the value of our house has, in effect, gone up a little over 20%? I don't think so. Certainly the real esate market values haven't gone up that much. In fact, a house three doors down from ours is for sale for what we bought our house for a year ago. It's slightly larger than our home on a larger lot, with many of the same amenities. It's also been on the market for 5 months and has had no bidders.

From what figures I've been able to gather from realtors I know, at the peak of the real estate boom real estate values were going up between 12 and 15% per year. The boom was over in July of 2005, as price inflation plummeted and homes were on the market for longer periods before selling.

If I remember correctly, prices rose less than 4% from July 2005 to July 2006. How does that equate to a 20% increase in the value of my home in that same time? (Yes, I know that the re-assessments were performed in April, but bear with me.)

You can bet I'll be filing for an abatement.

09-16-2006, 05:24 PM	#3
Weekend Pundit Senior Member Join Date: Mar 2006 Location: Gilford Posts: 355 Thanks: 26 Thanked 70 Times in 43 Posts	Gilford Assessments I certainly have questions about my assessment. We bought a house in Gilford last year. One year later the value of our house has, in effect, gone up a little over 20%? I don't think so. Certainly the real esate market values haven't gone up that much. In fact, a house three doors down from ours is for sale for what we bought our house for a year ago. It's slightly larger than our home on a larger lot, with many of the same amenities. It's also been on the market for 5 months and has had no bidders. From what figures I've been able to gather from realtors I know, at the peak of the real estate boom real estate values were going up between 12 and 15% per year. The boom was over in July of 2005, as price inflation plummeted and homes were on the market for longer periods before selling. If I remember correctly, prices rose less than 4% from July 2005 to July 2006. How does that equate to a 20% increase in the value of my home in that same time? (Yes, I know that the re-assessments were performed in April, but bear with me.) You can bet I'll be filing for an abatement.