New Waterfront Tax proposed HB 629-FN

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Originally Posted by tis

But how far can they go before people say it just isn't worth it anymore-especially if you only use it a couple of months a year?? I do think if taxes get high enough there won't be buyers. I have a friend selling right now because she can't afford the taxes and she is heartbroken because she loves it and it has been in her family for a long time.

More and more properties will go to short term rentals. Properties will seek exceptions and subdivide. where there was one dock, there will be three. Those who can't subdivide can make themselves a condo.

The bill sponsors are: Leishman (D, Peterborough), Harrington, (R-Strafford) and Ouellett, (R-Colebrook).