Moultonborough Taxes

[Biggd]

Originally Posted by tis

That is assuming there continues to be buyers.

There are always buyers, it's just the amount of $$$$$ that change.
Sometimes it goes up and sometimes it goes down, but it's always feels like it's too much when you're a buyer and not enough when you're a seller!

[tis]

Originally Posted by Biggd

There are always buyers, it's just the amount of $$$$$ that change.
Sometimes it goes up and sometimes it goes down, but it's always feels like it's too much when you're a buyer and not enough when you're a seller!

There always have been buyers. But will taxes reach a point where there won't be enough buyers ?

[John Mercier]

If a property is to be sold... there must be a buyer.

What you are asking is will market value have to fall (sell for less) to get a buyer.

That would be an equilibrium. The falling fair market values would create a lower assessment and begin shifting the ratio away from waterfront.

So far, it hasn't happened even in other surrounding towns that have higher tax rates.
Interest rates could play a role, but long cycle dynamics are in opposition to that outcome.

[mishman]

John - if you can private message me I would appreciate it. Thanks

[Biggd]

Originally Posted by tis

There always have been buyers. But will taxes reach a point where there won't be enough buyers ?

Prime waterfront will always be in high demand because there's a limited supply. Unfortunately, it will only be the wealthy that will be buying.

[tis]

Originally Posted by Biggd

Prime waterfront will always be in high demand because there's a limited supply. Unfortunately, it will only be the wealthy that will be buying.

It probably will, but none of us knows if there is a point of no return when even people with plenty of money will decide they don't want to pay those kind of taxes for a couple of month a year which will drastically reduce buyers. It's just that I hear lots of people with the ability to pay discuss this and I wonder if it will ever come to be.