Alton new tax assessment in
How does the new assessment compare to what you'd expect to sell your house and property for, if you put them on the market today? My bet is that the new assessment is still lower. In other words; a fair assessment.
As others have pointed out, the property tax you'll actually pay next year is based on two components; the assessment and the tax rate. The new assessment is just the town trying to catch up with the skyrocketing real estate market. If the tax rate doesn't drop (almost) proportionate to the rise in assessment, then you'll have a complaint.
All in all, I'd say the town of Alton does a good job managing its budget. Compare your property taxes to some of the other towns in the Lakes Region. Praise be to all that shore-front property and their million-dollar homes!
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