2023 Meredith Tax Rate & Bills Coming Today

[Winilyme]

Originally Posted by John Mercier

I think you mean a 72% assessment increase...
A property that saw a 63% assessment increase in Meredith would be paying almost the same portion as it did before. The only increase would be what they voted for at town/school meeting and what the county had to procure. These being much lower than 72%

No. Our assessment increased 97%. Pre-re-assessment annual RE taxes = $13.1K (paid in two installments/year). Post pre-re-assessment annual RE taxes = $11.5K (installment 1) + $11.1K (estimated installment #2) for a total of $22.6K or a 72% increase.

Our place is small. 92% of our assessment is based on the value of our land - .30A.

[John Mercier]

If the average base assessment was 63% increase, and your assessment was a 97% increase, then your taxes should have gone to $17.6K

If you paid half of the $13.1K in July, roughly $6550, your current bill would be for the remaining $11K

Your annual taxes would be $17.6K

The July is an estimate base on previous assessment and budget.

Your new annual tax would be $17.6K, old $13.1K, with an actual increase of $4.5K

Not that this should make you feel better... but that is the math.

Barring a new assessment, a failure of the Legislature to fix the State ED, or some new expenditure at the town/county that is extraordinary... the July bill should be about $8.8K

The property would be assessed around $1.76M

[Winilyme]

Originally Posted by John Mercier

If the average base assessment was 63% increase, and your assessment was a 97% increase, then your taxes should have gone to $17.6K

If you paid half of the $13.1K in July, roughly $6550, your current bill would be for the remaining $11K

Your annual taxes would be $17.6K

The July is an estimate base on previous assessment and budget.

Your new annual tax would be $17.6K, old $13.1K, with an actual increase of $4.5K

Not that this should make you feel better... but that is the math.

Barring a new assessment, a failure of the Legislature to fix the State ED, or some new expenditure at the town/county that is extraordinary... the July bill should be about $8.8K

The property would be assessed around $1.76M

Well, if that’s the math then, yes, you have made me feel at least a little bit better, John. Thanks.