Center Harbor Assessments

John Mercier · 10-25-2022, 07:23 AM

No.
Descant is pointing out that the SWEPT may be actually taken to Concord and be redistributed.

Decades ago, you probably being too young, NH was all SWEPT. There was no BPT/BET or M&R taxes to cover the State costs. We didn't have the lottery, or even D&I... go back far enough and we didn't even have a tobacco tax... certainly not a communications or electric usage tax, and no gas tax.

phoenix · 10-25-2022, 08:25 AM

when I went to see the company doing the assessment in Moultonborough, she didn't acknowledge the few houses sold ( It is what it is) . I also ask why towns such as Meredith don't reevaluate every year. Her answer was the town wanted to assess every year to reflect the continued rise in waterfront houses. i.e. continue to put more of the burden on houses that don't vote

John Mercier · 10-25-2022, 08:30 AM

I believe the municipalities have the option of assessing the whole at once not more than every five years... or using an annual rolling option.

If we really wanted to move it onto those that do not vote (non-residents), we could change the homestead exemption from being old and low income to anyone that is a resident... and change the format to 50% of the median valuation in the municipality.

tummyman · 10-25-2022, 11:03 AM

Quote:

Originally Posted by phoenix

when I went to see the company doing the assessment in Moultonborough, she didn't acknowledge the few houses sold ( It is what it is) . I also ask why towns such as Meredith don't reevaluate every year. Her answer was the town wanted to assess every year to reflect the continued rise in waterfront houses. i.e. continue to put more of the burden on houses that don't vote

Not only will they not acknowledge the small sample size of houses sold, they also do not acknowledge that the new assessments in many cases do not equate with the actual sales values despite having this data for comparison.

In Moultonborough, a big decision is pending for the Board of Selectmen. After Town Meeting approved a "liberal" budget for the 18 month budget fiscal year conversion last year, the discussion was that any excess funds at year end would be returned to taxpayers. Well, the town had a surplus of $1.9 Million dollars and the Board of Selectmen should live up to returning every dollar of this excess to the taxpayers in the upcoming December Tax Bill. But will they...???? Every penny is taxpayer money and due back to everyone.

John Mercier · 10-25-2022, 12:16 PM

Legally, it would not be returned... as the Town Budget would not end in December.

Excess is most often rolled over into the requests for the next cycle. Sometimes it is shuffled into one of the many capital improvement funds. But I am pretty sure that it cannot be returned (checks cut) without DRA approval.

tummyman · 10-25-2022, 01:34 PM

Quote:

Originally Posted by John Mercier

Legally, it would not be returned... as the Town Budget would not end in December.

Excess is most often rolled over into the requests for the next cycle. Sometimes it is shuffled into one of the many capital improvement funds. But I am pretty sure that it cannot be returned (checks cut) without DRA approval.

Wrong...Moultonborough's fiscal year ends now on June 30.

John Mercier · 10-25-2022, 01:38 PM

Correct.
It does not end in December...
The next time that you would pay taxes.

It would end in June. And the new budget would be in effect, with the option of using the excess toward the new budget rather than raising it from property taxes... or shuffling it to a capital improvement account.

Your June payment would be an estimate, base on the past, and your December payment would be the difference base on the budget that began in July.

ITD · 10-25-2022, 08:28 AM

Some pretty good posts here about taxes. It's important to note that increasing property values do not increase taxes. ( unless your property increases in value faster than the average value increase). Votes increase taxes. At town meetings you vote to increase your property tax. For other taxes, the candidate you vote for controls the increase in taxes. Keep this in mind.

Also my experience is that assessments are always behind actual property values. Most of the time your property is worth more than it is assessed. I say most of the time because I think we are headed into a phase where home values will be decreasing. Does anyone think that will cause property taxes to decrease?

Descant · 10-25-2022, 01:16 PM

Quote:

Originally Posted by John Mercier

No.
Descant is pointing out that the SWEPT may be actually taken to Concord and be redistributed.

Decades ago, you probably being too young, NH was all SWEPT. There was no BPT/BET or M&R taxes to cover the State costs. We didn't have the lottery, or even D&I... go back far enough and we didn't even have a tobacco tax... certainly not a communications or electric usage tax, and no gas tax.

Right. Racetracks and booze. Not many state services, nor many people to be serviced.

John Mercier · 10-25-2022, 01:25 PM

I believe the change over was under Peterson.

Farmers were upset with paying property taxes on livestock and tractors...
While industry wasn't pleased about paying on production machinery; even when it sat idle.

10-25-2022, 08:25 AM	#2
phoenix Senior Member Join Date: Apr 2004 Location: phoenix and moultonboro Posts: 1,556 Thanks: 61 Thanked 276 Times in 194 Posts	when I went to see the company doing the assessment in Moultonborough, she didn't acknowledge the few houses sold ( It is what it is) . I also ask why towns such as Meredith don't reevaluate every year. Her answer was the town wanted to assess every year to reflect the continued rise in waterfront houses. i.e. continue to put more of the burden on houses that don't vote __________________ it's tough to make predictions specially about the future

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10-25-2022, 07:23 AM	#1
John Mercier Senior Member Join Date: Jun 2021 Posts: 3,435 Thanks: 3 Thanked 605 Times in 499 Posts	No. Descant is pointing out that the SWEPT may be actually taken to Concord and be redistributed. Decades ago, you probably being too young, NH was all SWEPT. There was no BPT/BET or M&R taxes to cover the State costs. We didn't have the lottery, or even D&I... go back far enough and we didn't even have a tobacco tax... certainly not a communications or electric usage tax, and no gas tax.

The Following 4 Users Say Thank You to phoenix For This Useful Post:
ACME on the Broads (10-25-2022), lagoon (12-04-2022), secondcurve (12-04-2022), tummyman (10-25-2022)

10-25-2022, 08:30 AM	#3
John Mercier Senior Member Join Date: Jun 2021 Posts: 3,435 Thanks: 3 Thanked 605 Times in 499 Posts	I believe the municipalities have the option of assessing the whole at once not more than every five years... or using an annual rolling option. If we really wanted to move it onto those that do not vote (non-residents), we could change the homestead exemption from being old and low income to anyone that is a resident... and change the format to 50% of the median valuation in the municipality.

The Following 2 Users Say Thank You to tummyman For This Useful Post:
ACME on the Broads (10-25-2022), winterharbor59 (10-26-2022)

10-25-2022, 12:16 PM	#5
John Mercier Senior Member Join Date: Jun 2021 Posts: 3,435 Thanks: 3 Thanked 605 Times in 499 Posts	Legally, it would not be returned... as the Town Budget would not end in December. Excess is most often rolled over into the requests for the next cycle. Sometimes it is shuffled into one of the many capital improvement funds. But I am pretty sure that it cannot be returned (checks cut) without DRA approval.

10-25-2022, 01:38 PM	#7
John Mercier Senior Member Join Date: Jun 2021 Posts: 3,435 Thanks: 3 Thanked 605 Times in 499 Posts	Correct. It does not end in December... The next time that you would pay taxes. It would end in June. And the new budget would be in effect, with the option of using the excess toward the new budget rather than raising it from property taxes... or shuffling it to a capital improvement account. Your June payment would be an estimate, base on the past, and your December payment would be the difference base on the budget that began in July.

10-25-2022, 08:28 AM	#8
ITD Senior Member Join Date: Apr 2004 Location: Moultonboro, NH Posts: 2,931 Thanks: 478 Thanked 693 Times in 388 Posts	Some pretty good posts here about taxes. It's important to note that increasing property values do not increase taxes. ( unless your property increases in value faster than the average value increase). Votes increase taxes. At town meetings you vote to increase your property tax. For other taxes, the candidate you vote for controls the increase in taxes. Keep this in mind. Also my experience is that assessments are always behind actual property values. Most of the time your property is worth more than it is assessed. I say most of the time because I think we are headed into a phase where home values will be decreasing. Does anyone think that will cause property taxes to decrease?

10-25-2022, 01:25 PM	#10
John Mercier Senior Member Join Date: Jun 2021 Posts: 3,435 Thanks: 3 Thanked 605 Times in 499 Posts	I believe the change over was under Peterson. Farmers were upset with paying property taxes on livestock and tractors... While industry wasn't pleased about paying on production machinery; even when it sat idle.