Quote:
Originally Posted by John Mercier
I think you mean a 72% assessment increase...
A property that saw a 63% assessment increase in Meredith would be paying almost the same portion as it did before. The only increase would be what they voted for at town/school meeting and what the county had to procure. These being much lower than 72%
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No. Our assessment increased 97%. Pre-re-assessment annual RE taxes = $13.1K (paid in two installments/year). Post pre-re-assessment annual RE taxes = $11.5K (installment 1) + $11.1K (estimated installment #2) for a total of $22.6K or a 72% increase.
Our place is small. 92% of our assessment is based on the value of our land - .30A.