I think the point being made is that New Hampshire is not the tax heaven the Killington folks seem to imagine. Most of our issues with the property tax here in NH derive from our lack of a broad base tax such as an income tax and it does sometimes seem to hit people unfairly. The classic tale is most definitely not an urban legend. I think the true story being cited above (Squam Lake) was actually more like a homeowner's experience of having his property reassesed and having the taxes go up from something like $45k to over $100k in a single year. My father in law is a comercial appraiser and sometimes gets called into interesting situations lik this, which are fairly common. Again the point is not to elicit sympathy for this instant "millionaire" but to demonstrate that we do have our own tax woes here. We do have "current use" assessmentswhich allow for some property tax relief. If your property qualifies, you may be able to reduce the tax (on land only) for certain uses such as agriculture and forestry. You have to have a certain minimum size acreage to qualify etc. There's definitely no prohibition against reassessing agricultural land at market value for development. If there were we would not be losing prime agricultural land at the current rate. Interesting your comment vis a vis tax liens. I just paid the back taxes on some land I own last week. The town indicated they were going to take it on the tax lien. I think they were a little dissappointed to see me coming in to take care of the tax bill.
post #61 of 67
7/22/04 at 10:07am