LACONIA Tax Increases

ITD · 12-11-2017, 06:58 PM

The assessed value only decides what percentage of the amount of money the town decided to spend you have to pay. Increases in your assessment due to market improving generally doesn't increase your taxes UNLESS for some reason your property increases more in value than others. The increase in your taxes is due to the town spending more money. This could be town elected officials spending more money or it's decided by town meeting depending on where you live. Politicians love it when people blame increasing property values for their deeds, it lets them off the hook. Don't be fooled.

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12-11-2017, 06:58 PM	#11
ITD Senior Member Join Date: Apr 2004 Location: Moultonboro, NH Posts: 2,942 Thanks: 483 Thanked 700 Times in 391 Posts	The assessed value only decides what percentage of the amount of money the town decided to spend you have to pay. Increases in your assessment due to market improving generally doesn't increase your taxes UNLESS for some reason your property increases more in value than others. The increase in your taxes is due to the town spending more money. This could be town elected officials spending more money or it's decided by town meeting depending on where you live. Politicians love it when people blame increasing property values for their deeds, it lets them off the hook. Don't be fooled.