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Old 08-13-2021, 07:49 PM   #20
John Mercier
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Quote:
Originally Posted by longislander View Post
Assessments:
A S S E S S I N G S TA N D A R D S B OA R D
Reference Manual for Selectmen,Assessors,and Taxpayers

Understanding NH Property Taxes
T H E O F F I C I A L N E W H A M P S H I R E A S S E S S I N G
R E F E R E N C E M A N U A L

https://www.revenue.nh.gov/mun-prop/...asb-manual.pdf

Also,
How much sympathy is there for the crazy property values and limited inventory! A Moultonborough property from the neighborhood I left three years ago (all are public documents).

On Long Island in Moultonborough in my former neighborhood:

Sold on 05/17/2018 for $347,000 per town records; Registry of d Deeds Book 3388 Page 242. So that there is no semantics issue:
tax stamp value = $15/$1000 of sales price
Carroll County registry of deeds: real estate transfer tax stamp for this property: $5205 at $15/$1000 sales price, then, this property sold in 2018: 5205000/15 = $347,000


Same property with some limited upgrades sold in 5 days in 2021 for $689,000
Asking price was $650,000 which I thought at the time was crazy!
https://www.coldwellbankerhomes.com/.../pid_41884556/

Same property Sold 08/02/2021
Carroll county registry of deeds : Book 3606 Page 498; tax stamp:$10,335
$10,335 = $15/$1000 x sales price
or sales price = $10,335 x $1000/$15 = $689,000

Or ,
$10,335 = $.015 x where x is sales price; $10,335/$.015 = $689,000

How is an assessor going to handle this!

All property values have gone up, for whatever reasons, we are all familiar with. Maybe it is not assessments that should attacked, but tax rates, and how they come about!
The tax rates come about by the voter of Moultonborough adopting a budget, and the budget being divided by the total assessment rate, that number gets added to the county rate - done in the same manner on a county wide scale (adjusted for variation in assessing cycles for each municipality in the county), and added to the State education rate... which, since it is not collected and redistributed, is really more of an accounting gimmick to make the local school rate seem lower.

The bottom line will always be the voting at town meetings.
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