Returning to the title of this thread ... HUB status in Moultonborough and
regarding the $.36/$1000 mentioned in the survey.
Found out from the source of the survey that the number is the last entry on the bond statement received by the source which is titled : FY-Est Tax Rate Inc.. Here's the last three columns (of 10) of a NH muni bond for MoBo 2022 Valuation $4,892,023,118 at 5.25% for 15 years
Fiscal yr. Total
Payment Assessed Valuation FY-Est Tax Rate Inc..
$356,085.38 $ 4,892,023,118 $0.07
My calculations seem to indicate the last number on the left is a ratio of Total Payments divided by Assessed Valuation:
($356,085.38/$4,892,023,118) X 1000 = $.072789, shortened to $ .07
Worst yet, they used the first entry (they said) which is interest only, no principal. The other columns have the interest and principal. The other columns each have a number for FY-Est Tax Rate Inc.. and seem to follow process of calculartion.
MoBo valuation this 2022 year $4,892,023,118; 2021 last year $3,943,560,976; difference $948,462,142. 24.1% Almost a billion dollars
The valuation on the bond is the same for all 15 years and does not change, not annually like our assessments and taxrate.
I'll let the reader dedcide what this has to do with "assessments" regarding the survey.
Last edited by longislander; 12-20-2022 at 10:29 AM.
Reason: typo
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