Quote:
Originally Posted by WinnisquamZ
New assessments in Laconia this past spring did lead to a 11% rise in taxes. Unsure why center harbor would be any different
Sent from my iPhone using Winnipesaukee Forum mobile app
|
Because the assessment is only the means to determine what each property owners share of the total annual budget will be.
If every property assessment increases/decreases the exact same percentage, and the annual budget is flat... the actual property taxes stay exactly the same.
An 11% rise in total taxation could only be because of an 11% rise in the annual budget, or lower secondary revenues.
The assessment would not be a factor.