Center Harbor Assessments

[WinnisquamZ]

Originally Posted by Biggd

That's a big increase! Is that without any major improvements to your property?

The city actually decreased the value of my home. But, increased the waterfront lot I am on $525k! That is correct. As many have said, in the surrounding area towns waterfront property value has skyrocketed. As woodsy notes above, condo evaluations skyrocketed by over 40% per todays LDS. This prices will change the city demographics. For better or worse we will see.


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[FlyingScot]

Originally Posted by WinnisquamZ

The city actually decreased the value of my home. But, increased the waterfront lot I am on $525k! That is correct. As many have said, in the surrounding area towns waterfront property value has skyrocketed. As woodsy notes above, condo evaluations skyrocketed by over 40% per todays LDS. This prices will change the city demographics. For better or worse we will see.


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Unfortunately for many, the value of waterfront lots has skyrocketed. I am not surprised that the value of your lot has increased $525K.

I'm going to go out on a limb and guess that Center Harbor tax bills for property not close to the lake are falling. Maybe a forum member with direct knowledge can chime in...

[jeffk]

Originally Posted by FlyingScot

Unfortunately for many, the value of waterfront lots has skyrocketed. I am not surprised that the value of your lot has increased $525K.

I'm going to go out on a limb and guess that Center Harbor tax bills for property not close to the lake are falling. Maybe a forum member with direct knowledge can chime in...

As I just posted, no tax bills in CH for another couple weeks.

As I mentioned in a previous reply, our Center Harbor assessment (not on the lake) is up 32%. I'm sure lakefront in CH is going up at an even faster rate so those properties will see a bigger hike in taxes since the property tax burden will shift more to them.

There has been a gentrification process going on near to the lake for quite a while and it will probably continue. There are continued complaints from non residents about taxation with no right to vote in the local towns (to reign in budgets) but as long as other people are willing to bid up lake prices the tax burden on lake property will continue to rise. As I have pointed out in past threads, the benefit is a higher value on your property. Small solace, I know, for people land rich but income poor, but that's the rules of the game.