Assessing 101 - Moultonborough, Thurs June 23, 4-pm

fatlazyless · 06-21-2011, 08:30 AM

http://www.moultonboroughnh.gov/.../...35C90-000F8513, and if that does not work then google "Thursday June 23, 4pm assessing property taxes informational meeting Moultonborough Public Safety Building."

If anyone is interested, the State of NH-Division of Revenue Administration will be holding a one hour public informational meeting on Thursday, June 23 at 4pm in the Moultonborough Public Safety Building lead by local assessor Gary Karp, the town assessor, titled Assessing 101.

Here's one question that I would like to hear him answer. Why does the Town of Moultonborough continue to assess a waterfront property like 35 Leaward Shores Rd at 1.2 million dollars when it has been listed with a few different local brokers over the last three years at prices going down from 1.2 mil to 1.1 to 1.0 to 9.5 hundred thou to 9.0 to 8.5 to 8.0 to 7.5 hundred thousand and remains unsold. Despite three years of lowering prices, the town still continues to assess it at 1.2-million. One would reasonably think the town assessor would agree to lower the price but no he will not? What is the local assessor thinking here?

gf2020 · 06-21-2011, 07:05 PM

Assessments aren't done in "real time". The assessor will tell you that the assessed values lag the market by 1-3 years, depending on the community.

Nobody was complaining in '03-'07 when assessed values were LESS than market. It's only now after the market has "readjusted" do people get upset about their assessments.

06-21-2011, 08:30 AM	#1
fatlazyless Senior Member Join Date: Apr 2004 Posts: 8,737 Blog Entries: 1 Thanks: 300 Thanked 1,007 Times in 735 Posts	Assessing 101 - Moultonborough, Thurs June 23, 4-pm http://www.moultonboroughnh.gov/.../...35C90-000F8513, and if that does not work then google "Thursday June 23, 4pm assessing property taxes informational meeting Moultonborough Public Safety Building." If anyone is interested, the State of NH-Division of Revenue Administration will be holding a one hour public informational meeting on Thursday, June 23 at 4pm in the Moultonborough Public Safety Building lead by local assessor Gary Karp, the town assessor, titled Assessing 101. Here's one question that I would like to hear him answer. Why does the Town of Moultonborough continue to assess a waterfront property like 35 Leaward Shores Rd at 1.2 million dollars when it has been listed with a few different local brokers over the last three years at prices going down from 1.2 mil to 1.1 to 1.0 to 9.5 hundred thou to 9.0 to 8.5 to 8.0 to 7.5 hundred thousand and remains unsold. Despite three years of lowering prices, the town still continues to assess it at 1.2-million. One would reasonably think the town assessor would agree to lower the price but no he will not? What is the local assessor thinking here? __________________ ... down and out, liv'n that Walmart side of the lake!

06-21-2011, 07:05 PM	#2
gf2020 Senior Member Join Date: Feb 2009 Location: North of Boston Posts: 203 Thanks: 11 Thanked 35 Times in 28 Posts	Assessments aren't done in "real time". The assessor will tell you that the assessed values lag the market by 1-3 years, depending on the community. Nobody was complaining in '03-'07 when assessed values were LESS than market. It's only now after the market has "readjusted" do people get upset about their assessments.