Quote:
Originally Posted by tis
If they pass those taxes they might as well get ready for a mass exodus out of NH. Then they won't need any money.
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Well a mass exodus of the second home owners anyways.... which would put a run on property for sale.... suddenly there would be more property for sale...... which in the fight to get property sold, will lower selling prices..... which will start to effect assessed value..... the assessed values will go down..... thus reducing the property tax bills..... and then all the banks will be scatching thier heads as all the residents left have home worth less then they maybe mortgaged for....
The good news taxes would be lower........
12-14-2007, 12:57 AM
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