Winnipesaukee Forum - View Single Post

Woodsy · 11-22-2006, 01:09 PM

If your property increases in assessed value and the tax rate stays the same, then yes, your property tax bill will increase...

However,

If your local govt budget does not increase dramatically say 7%, and your towns assessed value increasesa bit more, say 9%, because of new development etc..then your tax rate per thousand would drop. This is what happened in Laconia and Meredith... the tax rate per thousand dropped over $1 because of the increased property valuations.

Laconia has just instituted a tax cap on spending. They have renegotiated all of the citys labor contracts so that they expire at the same time. This is the first year... no doubt its going to get painful in the next few years for some of the city unions and teachers when thier contracts expire...

Woodsy

11-22-2006, 01:09 PM	#43
Woodsy Senior Member Join Date: May 2004 Location: Weirs Beach Posts: 1,968 Thanks: 80 Thanked 980 Times in 440 Posts	If your property increases in assessed value and the tax rate stays the same, then yes, your property tax bill will increase... However, If your local govt budget does not increase dramatically say 7%, and your towns assessed value increasesa bit more, say 9%, because of new development etc..then your tax rate per thousand would drop. This is what happened in Laconia and Meredith... the tax rate per thousand dropped over $1 because of the increased property valuations. Laconia has just instituted a tax cap on spending. They have renegotiated all of the citys labor contracts so that they expire at the same time. This is the first year... no doubt its going to get painful in the next few years for some of the city unions and teachers when thier contracts expire... Woodsy __________________ The only way to eliminate ignorant behavior is through education. You can't fix stupid.