Meredith Revaluation

[Gatto Nero]

Originally Posted by ossipeeboater

a house that previously was values at 100,000 had a tax bill of $1626. your house value goes up 63% to 163,000 and your taxes remain at $1626 so the effective rate is 10.03.

So following that logic if my house only went up 50% to 150,000 then my taxes would go down to $1504, correct?

[Puck]

on an island...no electricity...no bridge...up 300%...ouch. The assessor's explanation..."all that matters is that you have frontage, all frontage is taxed equal, Island or not."

[Gilligan]

Originally Posted by Gatto Nero

So following that logic if my house only went up 50% to 150,000 then my taxes would go down to $1504, correct?

Your logic must be faulty. Property taxes NEVER go down !

[Gatto Nero]

Originally Posted by Gilligan

Your logic must be faulty. Property taxes NEVER go down !

You were right. My logic was faulty. A 63 percent rise in the town's net assessed valuation has resulted in the tax rate dropping around 34 percent. So, big surprise, I'll be paying more this year....again.

http://www.citizen.com/apps/pbcs.dll...-1/citizen0103

[ladybug]

I just read the tax rate in Meredith has been decreased to $10.74 per $1000. It was $16.25.

[Pepper]

Originally Posted by ladybug

I just read the tax rate in Meredith has been decreased to $10.74 per $1000. It was $16.25.

Although the rate per 1000 has been decreased, I'll bet there are very few tax bills that have decreased in total tax. The decrease is merely a byproduct of the re-evaluation ~~~ higher property values = lower cost per 1000 to generate the same revenue.

[ossipeeboater]

Originally Posted by Gatto Nero

So following that logic if my house only went up 50% to 150,000 then my taxes would go down to $1504, correct?

that very well may be true that it would slightly decrease if town spending doesn't go up which we all know rarely happens.