property tax oblivion

Flylady · 11-28-2007, 12:25 AM

[QUOTE=fatlazyless]Gee whiz...I don't know...but it's just my hunch....that pretty soon we will be hearing the LAGGING word quite a bit. As in,,,"oh, it's a LAGGING indicator," and 'of course, the assessed value will LAG the market value for at least a year, or more, or more, or more."

I too am only a six month resident and spoke to the assessor as to the "assessed values". I got a very lame response as to the purchase price verses the assessed vlaue. I believe the largest issue facing every NH town leadership that relays heavily on lakefront assessed values is that the are going to have to face the music about the overly valued properties and figure out how to recognize the correct values AND reduce spending. People on the "public payrolls and the largest benifactors of the last 5 year property boom and increased revenues will fight the hardest against any spending reductions, but in the end who elects the town respresentatives? If they do not follow the wishes of those that elected them then they should not get a second chance (term).

11-28-2007, 12:25 AM	#19
Flylady Senior Member Join Date: Apr 2006 Location: So. California & Lakes Region Posts: 256 Thanks: 225 Thanked 106 Times in 61 Posts	Lagging..... [QUOTE=fatlazyless]Gee whiz...I don't know...but it's just my hunch....that pretty soon we will be hearing the LAGGING word quite a bit. As in,,,"oh, it's a LAGGING indicator," and 'of course, the assessed value will LAG the market value for at least a year, or more, or more, or more." I too am only a six month resident and spoke to the assessor as to the "assessed values". I got a very lame response as to the purchase price verses the assessed vlaue. I believe the largest issue facing every NH town leadership that relays heavily on lakefront assessed values is that the are going to have to face the music about the overly valued properties and figure out how to recognize the correct values AND reduce spending. People on the "public payrolls and the largest benifactors of the last 5 year property boom and increased revenues will fight the hardest against any spending reductions, but in the end who elects the town respresentatives? If they do not follow the wishes of those that elected them then they should not get a second chance (term).