View Single Post
Old 12-10-2022, 09:40 AM   #39
jeffk
Senior Member
 
jeffk's Avatar
 
Join Date: Feb 2004
Location: Center Harbor
Posts: 1,130
Thanks: 201
Thanked 421 Times in 239 Posts
Default For numbers geeks

With a little digging I found that the new Center Harbor town valuation for 2022 is $717,205,779 compared to $438,620,781 last year. That is a 63.5% increase in valuation.

By my math (subject to review), with spending being flat, the new tax rate would be:

$15.27 (2021 rate) X ($438,620,781/$717,205,779) = $9.34

Since the actual rate set is $8.99, obviously spending has dropped a bit. I won't go into details, and it is always possible I made a math error, but it looks like the municipal, state ed, and local ed rates (and comparative spending) all went down a bit more than the valuation adjustment would result in. The county rate went up more than the valuation adjustment.

There are many influencers on these numbers, but overall the government seems NOT to have increased spending, which is good.

So, if your taxes in Center Harbor have gone up, it is because your property values have spiked more than the average 63.5% and the tax burden has been shifted to you. It's how the property tax game is played but OUCH!
jeffk is offline   Reply With Quote
The Following 2 Users Say Thank You to jeffk For This Useful Post: