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No. Tax rates rise based not only on the budgets but also the land values.
Spending increases are due to having to pay more for labor.
Moultonborough is not immune from that.
So the budgets go up. The land values do not rise as quickly, and the rate adjusts accordingly.
And land values cannot be "skewered" accordingly.
Today 12:56 PM
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AI:
No, the statement is not accurate. In New Hampshire, property tax rates (the dollars per $1,000 of assessed value that you pay) are primarily determined by the budgets (the total amount of taxes to be raised, or "tax levy," for municipal, school, county, and state education purposes) divided by the total assessed value of all taxable property in the community.
The tax rate is calculated as:
Tax Rate = (Total Tax Levy) / (Total Assessed Value of Taxable Property)
The total assessed value base increases.
If the tax levy (budgets) stays the same or doesn't rise proportionally, the tax rate typically decreases to keep the total revenue the same.
This spreads the tax burden more fairly based on updated values, but it doesn't automatically cause rates to rise.
The budgets (appropriations for services, schools, etc.) are the main driver of how much total revenue needs to be raised via property taxes, and thus influence whether rates go up or down. Rising land/property values help offset potential rate increases by expanding the tax base, rather than directly causing rates to rise.
This is standard across NH municipalities, as confirmed by the Department of Revenue Administration (DRA) processes and local assessing guidelines.
Property values determine how the tax burden is divided, while budgets determine how much tax money must be raised.
Even if the tax rate drops, waterfront property may see a much larger tax bill because its share of the tax burden increased.
This happens frequently in lake towns like Moultonborough because lakefront values rise faster than inland property.
Tax rates rise when the total amount of taxes to be raised increases faster than the town’s total property value. Property values mainly determine how the tax burden is divided among taxpayers.
If all properties rise equally, the tax rate usually drops, and everyone's share stays roughly the same.
But if some properties rise faster than others, their share increases.
Property values do not determine how much tax money the town raises.
They determine how the tax burden is divided among property owners.
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the money might be in the fund now but if the town buys this for the next 50 years it will have to be staffed, heated, the lights kept on, the roof replaced and all the other costs associated with a commercial building. There might be a case to be made for it but the up front cost is usually the smallest part.
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All buildings have cost! Now and forever!
Smallest part of what????
In the Crucon case, the sale of the three properties replaced by Crucon would be much more than the cost ... and then some!