Wolfeboro Taxes

tis · 11-30-2011, 07:29 AM

I think maybe the selectmen are finally getting it since they say they are not going to put the Town Hall project on the ballot this year. People are hurting especially in this economy and as you said, Lakepilot, people are going to move out.

Winnisquamguy · 11-30-2011, 08:56 AM

Quote:

Originally Posted by tis

. People are hurting especially in this economy and as you said, Lakepilot, people are going to move out.

If they do decide to move out where are they going to go? Wolfeboro has one of the lowest tax rate on Lake Winnie and in New Hampshire for that matter. They are a few towns over on Newfound Lake that are lower but don't have the sevices. Looks to me like you have all the town services, fire, police, water, etc. Be happy living in the oldest summer resort, because you really don't know how good you really have it. Here is a link to all the towns 2010 rates.http://www.nh.gov/revenue/munc_prop/...elatedData.htm

CateP · 11-30-2011, 10:16 AM

As any transplant from the northeast will tell you, taxes in Wolfeboro (not waterfront or views) ARE low compared to most other places. That is one reason why I am moving here.

I have also noticed that lakes region towns tend to raise taxes for specific projects and once they are completed the taxes have actually gone DOWN. You won't see THAT in a lot of places.

In my former NJ town they did a property re-assessment several years ago. The re-assessment resulted in a HUGE tax increase and a lot of fixed income people who had been living in the town for decades felt they had to move. Residents were outraged, but the town committee basically threw up their hands and blamed everything on the state. Every year since, the property taxes have been going up. No end in sight. Even newly elected town committee members become apathetic and can't seem to change anything. I think a lot of residents have become complacent and resigned to their fate...and the town, school and municipal budgets just keep going higher because they know people will pay. I hate to sound so cynical, but this has been my experience as a homeowner in NJ.

It seems like people get involved and have a voice here. And influence. I feel much more hopeful here.

garysanfran · 11-30-2011, 11:50 AM

For over 50 years I have watched my neighbors (all of them) sell their property because they can no longer afford the taxes. Someone richer buys it and lives there until they can no longer afford the tax and they sell to someone more wealthy than them, and the scenario repeats.

We are now forced to rent our place out for the summer just to break even on the Meredith tax. So, we use our three-season place in the spring and fall. I'm afraid the "return" on owning our place is diminishing to the point we may have to sell to someone more wealthy than us. The town of Meredith will be very pleased as the "more wealthy" move in. Owners of local businesses will be happy to see us go and be replaced by the more affluent.

If we sell, I am going to find a buyer who is the biggest SOB I can gift to this town.

I can't vote here. I am just a victim of whatever the locals want to do to me. I must admit, they do it with a smile!

Rolie · 11-30-2011, 12:01 PM

Quote:

Originally Posted by garysanfran

For over 50 years I have watched my neighbors (all of them) sell their property because they can no longer afford the taxes. Someone richer buys it and lives there until they can no longer afford the tax and they sell to someone more wealthy than them, and the scenario repeats.

We are now forced to rent our place out for the summer just to break even on the Meredith tax. So, we use our three-season place in the spring and fall. I'm afraid the "return" on owning our place is diminishing to the point we may have to sell to someone more wealthy than us. The town of Meredith will be very pleased as the "more wealthy" move in. Owners of local businesses will be happy to see us go and be replaced by the more affluent.

If we sell, I am going to find a buyer who is the biggest SOB I can gift to this town.

I can't vote here. I am just a victim of whatever the locals want to do to me. I must admit, they do it with a smile!

We were fortunate to be able to buy in Meredith a bit over 10 years ago. Since then, taxes on our seasonal, under 1000 sq ft. cottage are just short of double what they were. Approaching retirement, I don't see how we will be able to continue unless we rent the place out for at least a month in the summer. And that may be more bother than what it is worth.

Heaven · 11-30-2011, 12:36 PM

Yes, people can certainly move their homes or businesses to a nearby town with a lower tax rate such as Tuftonboro. Then they can drive into Wolfeboro and use the town services "for free" and not need to complain about the tax rate or the fact that they can't vote on budget items. I wonder why they don't?

beaner · 11-30-2011, 03:14 PM

Quote:

Originally Posted by Heaven

Yes, people can certainly move their homes or businesses to a nearby town with a lower tax rate such as Tuftonboro. Then they can drive into Wolfeboro and use the town services "for free" and not need to complain about the tax rate or the fact that they can't vote on budget items. I wonder why they don't?

Do you mean that you wonder why Tuftonboro residents don't use Wolfeboro services for free? If so, what makes you think they don't?

MAXUM · 11-30-2011, 06:50 PM

My last posting was commenting on the statement Mrs. Murry said in regards to the town of Wolfeboro's tax increase, specifically comparing it to New Durham.

Do I live in town, no, but I have family who have been long time property owners.

Hey the towns people voted to spend the money, so it get's spent. Tis the way it is. Sadly many of those footing the bill have no say since they are not full time town residents and they pick up the majority share.

I've about given up on my quest for waterfront property. I've worked far to long and hard to get in the position to buy only to have to pay so much just to keep what is rightfully mine. I already get screwed bad enough on my primary residence.

Also noteworthy, it doesn't matter what the tax rate in a town is or what the assessments are in regards to actual market value. These numbers are arbitrary, what really matters is how much budget the voters say the town has to work with. The property values and or tax rate is adjusted accordingly to cover the cost...

If you want this to change it's easy enough to fix, get out and vote down budget measures that just don't make sense (IF you can) and encourage others to as well. Average turn out for these budget votes are pathetically low yet when tax bills go up everyone complains! See by that time it's to late.

codeman671 · 11-30-2011, 09:12 PM

Even with the increase wolfeboro is a bargain. Try living in Dover or gilford. We pay $10,500 a year in Dover with an assessed value of $428k. In gilford on a seasonal property we pay $9500 a year on one assessed just over $500k. And both are under-assessed in my opinion.

We recently almost bought a home in wolfeboro that was assessed over $750k and the tax bill was $7900. My point is that your money goes a long way in wolfeboro. Venture out, it gets a lot worse in other towns...we can't wait to sell our two homes. We want to move TO wolfeboro.

secondcurve · 12-01-2011, 06:22 AM

Quote:

Originally Posted by codeman671

Even with the increase wolfeboro is a bargain. Try living in Dover or gilford. We pay $10,500 a year in Dover with an assessed value of $428k. In gilford on a seasonal property we pay $9500 a year on one assessed just over $500k. And both are under-assessed in my opinion.

We recently almost bought a home in wolfeboro that was assessed over $750k and the tax bill was $7900. My point is that your money goes a long way in wolfeboro. Venture out, it gets a lot worse in other towns...we can't wait to sell our two homes. We want to move TO wolfeboro.

And don't forget there is no state income tax in NH!! New Hampshire has one of the lowest tax burdens in the union.

dpg · 12-01-2011, 07:36 AM

(Some) of you folks crack me up...What do you expect owning (on) the lake or maybe at least "nice water views." Sell your waterfront and move 1 mile down the street (same towns) and I'm guessing the savings would be huge. I pay 9,000 a year in Mass with water no where in sight and believe me my home is NOTHING SPECIAL. My folks place in Moultonborough is easily as nice (off the water) and their taxes are half mine. Sorry folks...Some of you I just don't feel sorry for..

sunsationdave · 12-01-2011, 08:39 AM

Just received my tax bill for laconia wow went down 1100 bucks
bad news i was getting ready to list for old asessed value
now it is 53k lower go figure laconia rate is 20.56

sky's · 11-30-2011, 12:45 PM

Quote:

Originally Posted by Winnisquamguy

If they do decide to move out where are they going to go? Wolfeboro has one of the lowest tax rate on Lake Winnie and in New Hampshire for that matter. They are a few towns over on Newfound Lake that are lower but don't have the sevices. Looks to me like you have all the town services, fire, police, water, etc. Be happy living in the oldest summer resort, because you really don't know how good you really have it. Here is a link to all the towns 2010 rates.http://www.nh.gov/revenue/munc_prop/...elatedData.htm

you could try Moultontucky

11-30-2011, 11:50 AM	#4
garysanfran Senior Member Join Date: Jul 2009 Location: San Francisco/Meredith Posts: 1,570 Thanks: 663 Thanked 679 Times in 347 Posts	Throw tea into the Lake... For over 50 years I have watched my neighbors (all of them) sell their property because they can no longer afford the taxes. Someone richer buys it and lives there until they can no longer afford the tax and they sell to someone more wealthy than them, and the scenario repeats. We are now forced to rent our place out for the summer just to break even on the Meredith tax. So, we use our three-season place in the spring and fall. I'm afraid the "return" on owning our place is diminishing to the point we may have to sell to someone more wealthy than us. The town of Meredith will be very pleased as the "more wealthy" move in. Owners of local businesses will be happy to see us go and be replaced by the more affluent. If we sell, I am going to find a buyer who is the biggest SOB I can gift to this town. I can't vote here. I am just a victim of whatever the locals want to do to me. I must admit, they do it with a smile! __________________ Gary ~~~~_/) ~~~ ~~~~~~~~

11-30-2011, 09:12 PM	#9
codeman671 Senior Member Join Date: Jan 2005 Posts: 3,496 Thanks: 221 Thanked 812 Times in 488 Posts	Are you kidding me? Even with the increase wolfeboro is a bargain. Try living in Dover or gilford. We pay $10,500 a year in Dover with an assessed value of $428k. In gilford on a seasonal property we pay $9500 a year on one assessed just over $500k. And both are under-assessed in my opinion. We recently almost bought a home in wolfeboro that was assessed over $750k and the tax bill was $7900. My point is that your money goes a long way in wolfeboro. Venture out, it gets a lot worse in other towns...we can't wait to sell our two homes. We want to move TO wolfeboro.

12-01-2011, 08:39 AM	#12
sunsationdave Member Join Date: Oct 2005 Posts: 33 Thanks: 0 Thanked 2 Times in 2 Posts	taxes Just received my tax bill for laconia wow went down 1100 bucks bad news i was getting ready to list for old asessed value now it is 53k lower go figure laconia rate is 20.56

11-30-2011, 07:29 AM	#1
tis Senior Member Join Date: Jan 2006 Posts: 6,726 Thanks: 752 Thanked 1,457 Times in 1,014 Posts	I think maybe the selectmen are finally getting it since they say they are not going to put the Town Hall project on the ballot this year. People are hurting especially in this economy and as you said, Lakepilot, people are going to move out.

The Following User Says Thank You to Winnisquamguy For This Useful Post:
CateP (11-30-2011)

11-30-2011, 10:16 AM	#3
CateP Senior Member Join Date: Jan 2011 Location: Wolfeboro Posts: 868 Thanks: 584 Thanked 540 Times in 210 Posts	As any transplant from the northeast will tell you, taxes in Wolfeboro (not waterfront or views) ARE low compared to most other places. That is one reason why I am moving here. I have also noticed that lakes region towns tend to raise taxes for specific projects and once they are completed the taxes have actually gone DOWN. You won't see THAT in a lot of places. In my former NJ town they did a property re-assessment several years ago. The re-assessment resulted in a HUGE tax increase and a lot of fixed income people who had been living in the town for decades felt they had to move. Residents were outraged, but the town committee basically threw up their hands and blamed everything on the state. Every year since, the property taxes have been going up. No end in sight. Even newly elected town committee members become apathetic and can't seem to change anything. I think a lot of residents have become complacent and resigned to their fate...and the town, school and municipal budgets just keep going higher because they know people will pay. I hate to sound so cynical, but this has been my experience as a homeowner in NJ. It seems like people get involved and have a voice here. And influence. I feel much more hopeful here.

11-30-2011, 12:36 PM	#6
Heaven Senior Member Join Date: Jul 2006 Posts: 523 Thanks: 128 Thanked 95 Times in 67 Posts	Yes, people can certainly move their homes or businesses to a nearby town with a lower tax rate such as Tuftonboro. Then they can drive into Wolfeboro and use the town services "for free" and not need to complain about the tax rate or the fact that they can't vote on budget items. I wonder why they don't?

11-30-2011, 06:50 PM	#8
MAXUM Senior Member Join Date: Apr 2004 Location: Kuna ID Posts: 2,755 Thanks: 246 Thanked 1,942 Times in 802 Posts	My last posting was commenting on the statement Mrs. Murry said in regards to the town of Wolfeboro's tax increase, specifically comparing it to New Durham. Do I live in town, no, but I have family who have been long time property owners. Hey the towns people voted to spend the money, so it get's spent. Tis the way it is. Sadly many of those footing the bill have no say since they are not full time town residents and they pick up the majority share. I've about given up on my quest for waterfront property. I've worked far to long and hard to get in the position to buy only to have to pay so much just to keep what is rightfully mine. I already get screwed bad enough on my primary residence. Also noteworthy, it doesn't matter what the tax rate in a town is or what the assessments are in regards to actual market value. These numbers are arbitrary, what really matters is how much budget the voters say the town has to work with. The property values and or tax rate is adjusted accordingly to cover the cost... If you want this to change it's easy enough to fix, get out and vote down budget measures that just don't make sense (IF you can) and encourage others to as well. Average turn out for these budget votes are pathetically low yet when tax bills go up everyone complains! See by that time it's to late.

12-01-2011, 07:36 AM	#11
dpg Senior Member Join Date: Apr 2004 Posts: 2,597 Thanks: 153 Thanked 229 Times in 166 Posts	(Some) of you folks crack me up...What do you expect owning (on) the lake or maybe at least "nice water views." Sell your waterfront and move 1 mile down the street (same towns) and I'm guessing the savings would be huge. I pay 9,000 a year in Mass with water no where in sight and believe me my home is NOTHING SPECIAL. My folks place in Moultonborough is easily as nice (off the water) and their taxes are half mine. Sorry folks...Some of you I just don't feel sorry for..

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RailroadJoe (12-01-2011)