Quote:
Originally Posted by winnisquam
Sanbornton waterfront. Tax assessment went up 112%, just over $2M now. Taxes went from $20K to $26K a year. Filed an abatement with solid basis of six larger properties and more frontage, denied!
We have 3 seasonal camps with an apartment over a garage on 2 acres with 175' of frontage all built between 1950 and 1974.
Their basis is market value. All dwellings are grandfathered so we can tear down and rebuild with year-round homes or sell the property with the same intent, so getting taxed on what we could do!
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My father inlaw had a camp in Sanbornton, not on the water but steps to the town beach. When he passed 10 years ago it was left to his 5 children, the oldest bought the other 4 out. I had just purchased my house in Meredith, I have water rights and a dock. He pays almost twice as much as me in taxes and his property and house is half the size. Across the street from him is a small camp, under 500 sq ft, on 200ft of prime waterfront with an outrageous tax bill.
When we were looking to buy, Laconia and Sanbornton were out of the question because of the high taxes.