HUB status in Moultonborough

[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.