Center Harbor Assessments

WinnisquamZ · 11-30-2022, 06:13 PM

Just received my gift from the city this evening. $6400 tax increase for the coming year

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fatlazyless · 11-30-2022, 06:34 PM

Quote:

Originally Posted by WinnisquamZ

Just received my gift from the city this evening. $6400 tax increase for the coming year

That's a huge property tax increase, assuming its an increase of $6400 in one year ...... just totally huge.

None of Laconia's outdoor tennis courts have a plywood tennis/pickleball 12'x24' hitting backboard ..... www.youtube.com/watch?v=Faih318xuyM ....so Laconia should consider building a backboard with construction lumber and plywood and dark green paint and put your $6400 to a good purpose. Lumber prices have seen big price increases, over the last three years but I think your $6400 would build a very nice 12'x24' hitting backboard.

Laconia has two different outdoor tennis/pickleball court venues at Memorial Park and at Leavitt Park.

John Mercier · 12-02-2022, 08:24 AM

Quote:

Originally Posted by fatlazyless

That's a huge property tax increase, assuming its an increase of $6400 in one year ...... just totally huge.

None of Laconia's outdoor tennis courts have a plywood tennis/pickleball 12'x24' hitting backboard ..... www.youtube.com/watch?v=Faih318xuyM ....so Laconia should consider building a backboard with construction lumber and plywood and dark green paint and put your $6400 to a good purpose. Lumber prices have seen big price increases, over the last three years but I think your $6400 would build a very nice 12'x24' hitting backboard.

Laconia has two different outdoor tennis/pickleball court venues at Memorial Park and at Leavitt Park.

I think lumber is where it is going to be.

Biggd · 12-02-2022, 08:29 AM

Quote:

Originally Posted by WinnisquamZ

Just received my gift from the city this evening. $6400 tax increase for the coming year

Sent from my iPhone using Winnipesaukee Forum mobile app

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

Woodsy · 12-02-2022, 09:00 AM

My valuation jumped almost $95K on my 1000 sq ft townhouse in Laconia. I am not really complaining too much as we have been under assessed for awhile. I think most people in Laconia were underassessed, so there is a bit of a shock when the bill comes due. Luckily, I still have a little room before the tax assessment hits full market value.

Unfortunately (or fortunately depending on your POV), this meteoric rise in value can be attributed to Covid and how this state managed it as well as a shortage of properties for sale. I do think there might be a 5% or so price correction coming, but until inventory exceeds demand, I do not think much will change pricewise.

Woodsy

John Mercier · 12-02-2022, 10:22 AM

The rise was actually predicted long before anyone heard of Covid.

Demographics dominate housing in the Lakes Region.

The Boomers started reaching Medicare age in 2010, the largest number will peak in 2024, and being that they should live to an average of about 20 years after that... we should see demand in the Lakes Region continue to increase for some time.

jeffk · 12-02-2022, 10:31 AM

I spoke with the Center Harbor town clerk today and she says they have NOT yet received the approved town tax rate from the state. Things were delayed by the revaluation and a delay in getting the school tax info (Meredith). She expects the property tax letters will go out in 2 weeks and taxes will be due in January.

They are waiting on the state so none of this is cast in stone.

pondguy · 12-02-2022, 10:44 AM

Quote:

Originally Posted by jeffk

I spoke with the Center Harbor town clerk today and she says they have NOT yet received the approved town tax rate from the state. Things were delayed by the revaluation and a delay in getting the school tax info (Meredith). She expects the property tax letters will go out in 2 weeks and taxes will be due in January.

They are waiting on the state so none of this is cast in stone.

This is from the Meredith website. https://www.meredithnh.org/home/news...-bills-delayed

WinnisquamZ · 12-02-2022, 10:21 AM

Quote:

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 · 12-02-2022, 10:31 AM

Quote:

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 · 12-02-2022, 10:48 AM

Quote:

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.

12-02-2022, 09:00 AM	#5
Woodsy Senior Member Join Date: May 2004 Location: Weirs Beach Posts: 1,966 Thanks: 80 Thanked 980 Times in 440 Posts	My valuation jumped almost $95K on my 1000 sq ft townhouse in Laconia. I am not really complaining too much as we have been under assessed for awhile. I think most people in Laconia were underassessed, so there is a bit of a shock when the bill comes due. Luckily, I still have a little room before the tax assessment hits full market value. Unfortunately (or fortunately depending on your POV), this meteoric rise in value can be attributed to Covid and how this state managed it as well as a shortage of properties for sale. I do think there might be a 5% or so price correction coming, but until inventory exceeds demand, I do not think much will change pricewise. Woodsy __________________ The only way to eliminate ignorant behavior is through education. You can't fix stupid.

12-02-2022, 10:31 AM	#7
jeffk Senior Member Join Date: Feb 2004 Location: Center Harbor Posts: 1,172 Thanks: 206 Thanked 437 Times in 253 Posts	An update for Center Harbor I spoke with the Center Harbor town clerk today and she says they have NOT yet received the approved town tax rate from the state. Things were delayed by the revaluation and a delay in getting the school tax info (Meredith). She expects the property tax letters will go out in 2 weeks and taxes will be due in January. They are waiting on the state so none of this is cast in stone.

11-30-2022, 06:13 PM	#1
WinnisquamZ Senior Member Join Date: Dec 2016 Posts: 2,074 Thanks: 212 Thanked 665 Times in 439 Posts	Just received my gift from the city this evening. $6400 tax increase for the coming year Sent from my iPhone using Winnipesaukee Forum mobile app

12-02-2022, 10:22 AM	#6
John Mercier Senior Member Join Date: Jun 2021 Posts: 3,429 Thanks: 3 Thanked 600 Times in 496 Posts	The rise was actually predicted long before anyone heard of Covid. Demographics dominate housing in the Lakes Region. The Boomers started reaching Medicare age in 2010, the largest number will peak in 2024, and being that they should live to an average of about 20 years after that... we should see demand in the Lakes Region continue to increase for some time.

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Biggd (12-02-2022)