HUB status in Moultonborough

[longislander]

I quoted your link...
Maybe you should have read it before posting it.

No you didn't ... you quoted part of it, I suspect. I won't bother looking it up. I do read and understand the links I post. Ohhh ... that's right. You're the one that had trouble understanding "fixed" from "fixed income" when nobody else seemed to have the difficulty. Sometimes only God can help, presuming an acceptance that God exists ... not just in Google!

[John Mercier]

The portion all talk of ''mail''.
Fixed is not adjusted.

Like a ''fixed'' mortgage... the rate doesn't adjust.

SS is not fixed... it is adjusted.
And many times adjusted far beyond earned income.

It is why the kids say... ''OK Boomer''.

[longislander]

The portion all talk of ''mail''.
Fixed is not adjusted.

Like a ''fixed'' mortgage... the rate doesn't adjust.

SS is not fixed... it is adjusted.
And many times adjusted far beyond earned income.

It is why the kids say... ''OK Boomer''.

What the hell are you saying!

[pondguy]

"If you build it they will come"

[John Mercier]

Originally Posted by longislander

What the hell are you saying!

Really?
You don't know the difference between ''fixed'' and ''adjustable''?
You didn't know that an absentee voter registration or absentee vote in NH was most likely going to go through the mail?

Do you think a resident of Moultonborough working long hard hours to earn a living and seeing low wage increases is going to have sympathy for someone that just saw a bigger increase than they did?

It would be like may stating, woe is me... I watched my $7 million dollar portfolio go down to $6.5 million. The average person, even in Moultonborough, is not going to sympathize as my ''loss''.

The Millennials know they are getting the raw end of the deal because they are not on a ''fixed'' income...

[longislander]

You are so confused with your opinions ...

The portion all talk of ''mail''.
Fixed is not adjusted.

Like a ''fixed'' mortgage... the rate doesn't adjust.

SS is not fixed... it is adjusted.
And many times adjusted far beyond earned income.

It is why the kids say... ''OK Boomer''.

What the hell are you saying!

Now add...

Really?
You don't know the difference between ''fixed'' and ''adjustable''?
You didn't know that an absentee voter registration or absentee vote in NH was most likely going to go through the mail?

Do you think a resident of Moultonborough working long hard hours to earn a living and seeing low wage increases is going to have sympathy for someone that just saw a bigger increase than they did?

It would be like may stating, woe is me... I watched my $7 million dollar portfolio go down to $6.5 million. The average person, even in Moultonborough, is not going to sympathize as my ''loss''.

The Millennials know they are getting the raw end of the deal because they are not on a ''fixed'' income...

Repeat: What the hell are you saying?

[Sue Doe-Nym]

Getting back to my original question for longislander: are we assuming costs of $.36 + $.07 = $.43 per $1000 assessed value, to include operating expenses, such as staff salaries, utilities, insurance, etc., etc.? If so, a taxpayer with a property assessed at $1,000,000 would have an annual property tax increase of $430. Am I on the right track? So many unknowns, and this is so unnecessary!

[longislander]

Not trying to avoid the .$036/$1000 and $.06/$1000 but... maybe I am.

The survey says!:
"$0.36/$1000 of town assessed property value?"
"$0.06/$1000 of town assessed property value?"

$.36 + $.07 = $.43 per $1000 assessed value,

Definitely no, since operating costs are not part of the bond and the false .07 for intetrest only in the first year is ... is.

I'd suggest taking a different path and use the MoBo Tax Rate Breakdown;
Here goes and hope my math is correct:

Year Total =Municipal +County+ Local Ed +State Ed
2022 $ 4.78 $ =1.25+ $ 0.80 +$ 1.76 +$ 0.97

2022
Town tax rate is 1.25
Total tax rate is 4.78

The 1.25 is derived from dividing the tax effort by valuation = tax rate

For municipal rate 2022 it is $6,144,066/$4,892,023,118 X 1000 = 1.25
For total tax rate 2022 it is $23,355,110/$4862,373,529 X1000 = 4.78

Using an Amortization calculator

$15,000,000 bond for 15years @ 5.25% interest yields $120,582/month X 12 months = $1,446,984 (one year) X 15 years = $21,704,760
https://www.bankrate.com/mortgages/a...on-calculator/

Add $1,446,984 to $6,144,066 = $7,591050 divided by valuation $4,892,023,118 = $ X 1000 = 1.55 new muni tax rate

Add $1,446,984 to $23,355,110 = $24,802,094 divided by valuation $4,892,023,118 =5.07 new total tax rate


To find the tax increase multiply your assessment by 4.78/1000 then multiply your assessmnet by 5.07/1000 and subtract the higher number from the lower number and that will be the dollar increase (with these numbers).

In other words subtract the present 2022 tax from the new tax and difference is the cost for that year. The added bond cost will be applied to the annual appropriation.

Check: 1.55+.80+1.76+.97 = 5.08 (close enough after rounding) new Total tax rate

[longislander]

Using the difference in tax rates, my tax bill would go up 21.3% if it had been done for this year.