real estate taxes

frporter · 07-14-2006, 10:34 PM

Be aware that the property tax rates in the seven towns surronding the big lake vary tremendously. Laconia and Gilford are extremely high whereas Moultpnborough and Tuftonboro are among the lowest in the state. Goodsk8s $14,000 NJ taxes would equate to a $2 million + property in Moultonborough.

Any questions re how individual towns raise and spend money can be examined in each town's annual report. Everything is pretty open in most towns; although, some towns have been known to "inadvertently" put capital expenditures in operating budgets.

Also, keep in mind that fot the most part all taxes raised are done by local ELECTED officials and most be approved at each Town Meeting. In other words, there is no huge general "slush fund" which can be spent by the state legislature without answering to locally elected officials. This point is frequently used as the best reason for not having a general sales or income tax which generates funds which are not earmarked for specific needs.

07-14-2006, 10:34 PM	#1
frporter Junior Member Join Date: Jun 2006 Posts: 3 Thanks: 0 Thanked 0 Times in 0 Posts	Be aware that the property tax rates in the seven towns surronding the big lake vary tremendously. Laconia and Gilford are extremely high whereas Moultpnborough and Tuftonboro are among the lowest in the state. Goodsk8s $14,000 NJ taxes would equate to a $2 million + property in Moultonborough. Any questions re how individual towns raise and spend money can be examined in each town's annual report. Everything is pretty open in most towns; although, some towns have been known to "inadvertently" put capital expenditures in operating budgets. Also, keep in mind that fot the most part all taxes raised are done by local ELECTED officials and most be approved at each Town Meeting. In other words, there is no huge general "slush fund" which can be spent by the state legislature without answering to locally elected officials. This point is frequently used as the best reason for not having a general sales or income tax which generates funds which are not earmarked for specific needs.