moultonboro tax rate

[phoenix]

did selectmen set the tax rate last night?

[Descant]

NH Dept of Revenue Administration (DRA) sets the tax rate, not BOS. I don't see M'boro on the list yet.
https://www.revenue.nh.gov/sites/g/f...-tax-rates.pdf

[longislander]

The video of the meeting mentioned that the rate went from 5.33 to 5.17

A .16 reduction in total rate.

[phoenix]

there was a motion to use excess reserves to lower the tax rate but was rejected by 3-1 vote

[longislander]

Chairman Quinlan stated that the meeting had been convened on short notice for the purpose of determining whether any unassigned fund balance should be used to reduce the 2026 tax rate.

https://www.moultonboroughnh.gov/Age..._11052026-1119

After viewing the video, an email was sent to the BoS, town adminstrator, and town finance director. There is concern not only about the Policy #32 of 12.5% of unassignesd funds, but also the potential increase of capital reserves via the CIPC. They both put taxpayer money (already paid) aside for future use by the town.

Part of the email:

"Capital reserves and using unassigned funds for capital spending on warrant articles, affect decisions on acquisitions etc. If there is to be "enough money" in capital reserves, how is that going to affect "enough" unassigned funds balance? How much is enough in reserves? Shouldn't that be reflected in unassigned funds? Unassigned Funds under policy #32 are a flat 12.5% of the gross appropriations. Are reserve money appropriations for ten/twenty year plans to be flat, yearly increasing, yearly decreasing ...eliminated at some point? When is the legislative body addressed for appropriation? If there is a ten or twenty year plan (?) ... has the town or school district voted and agreed? There can be ...town/school district NO! votes ...notwithstanding votes by boards."


Also,

https://www.moultonboroughnh.gov/Arc...wFile/Item/103

[longislander]

NHDRA MoBo tax rate released.

https://www.moultonboroughnh.gov/Doc...tax-rate-FINAL

[4 for Boating]

What good is posting just the tax rate comparison from this year to next year without the appraised tax base of homes. If the rate goes down by some 10% but the appraised home values goes up to 50% - what's there to cerebrate? IF the appraised tax based stayed the same then kudos to the town for fiscal success. The rate by itself showing a decrease seems borderline useless without the other numbers, no?

[John Mercier]

Is the information that you are looking for at the bottom of the document?

[jeffk]

Moultonborough tax bills increased, ON AVERAGE, about 3%, about what inflation runs.

Individual bills will vary based on whether the individual assessment exceeded the average 5.81% increase in town valuation.

often, it is the more rapid increase of waterfront value that jacks up tax bills on those houses instead of changes in town spending.

[FlyingScot]

Originally Posted by jeffk

Moultonborough tax bills increased, ON AVERAGE, about 3%, about what inflation runs.

Individual bills will vary based on whether the individual assessment exceeded the average 5.81% increase in town valuation.

often, it is the more rapid increase of waterfront value that jacks up tax bills on those houses instead of changes in town spending.

This is good overall, and great for those who do not live on the water. A town's expenditures typically increase by more than the general rate of inflation because the general rate includes products where there are technology and other productivity advances, such as TVs; but a town's expenses are heavily weighted toward areas where advances are less easy to come by, such as teacher salaries and health insurance.

And for non waterfront owners--you're being subsidized by the part timers who don't even get to vote

[4 for Boating]

Originally Posted by John Mercier

Is the information that you are looking for at the bottom of the document?

Ahhh - I see it now at the bottom - my apologies.
So tax rate was lowered by 2.8% while total assessed net valuation increased by 5.81%.

Taking out individual home circumstances, that yields the average 3.01% that you are all talking about. We don't live in Moultonborough but if we did, while not thrilled with any increase > all things considered they look like they did a decent job managing the finances. Will be interesting to see how the other lakes region towns do as a comparison.

[rsmlp]

Bought in 1997 on the lake and assessment has gome from original price of about $700K to present assessment of over $4M. I have no complaints about what I pay in taxes.

[VitaBene]

Originally Posted by rsmlp

Bought in 1997 on the lake and assessment has gome from original price of about $700K to present assessment of over $4M. I have no complaints about what I pay in taxes.

Anyone complaining about taxes in Moultonborough has not lived anywhere else in NH or New England!