Quote:
Originally Posted by ITD
Valuations are adjusted to market every few years, doesn't matter what you paid, only what the town determines it's worth. Moultonboro just finished their assessments.
Taxes go up because politicians raise them, not because property values increase.
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It's actually both. Taxes are based on a per thousand assessment. So when values go up so do the assessments therefore razing taxes and if the rates go up also then so do taxes. In prosperous times they may both go up. We are assured of two things in life, death and taxes, even in the "live free or die state".