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05-22-2007, 08:36 AM
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Member
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Join Date: May 2007
22 posts, read 25,734 times
Reputation: 20
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Cap on NH Property Taxes?
Does anyone know whether there's a limit to how much NH property taxes can go up in a single year? Thank you again!
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05-22-2007, 03:41 PM
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Drenalin
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Join Date: Oct 2006
Location: N.H.
1,018 posts, read 991,041 times
Reputation: 362
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NO Limit  they can go up millions if your Value goes through the roof. |
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05-23-2007, 08:59 AM
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Member
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Join Date: May 2007
22 posts, read 25,734 times
Reputation: 20
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Yikes! Well, it's better to know.... Thanks very much! |
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05-23-2007, 11:15 AM
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Senior Member
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Join Date: Nov 2006
217 posts, read 260,108 times
Reputation: 84
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we had an apple orchard 30 miles south of us go UP by $50,000. They were at $25,000 last year. All because of the "view" tax.
The guy said he doen't want to turn the hillside into Condos --- implying that is what is going to happen if the town doesn't help him out.
So.... the cap is whatever you can bear --- before you finally say I'm outta here. |
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05-23-2007, 03:16 PM
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Member
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Join Date: May 2007
22 posts, read 25,734 times
Reputation: 20
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Ouch. Wow. Seems harsh.  But I appreciate the information! Thank you! |
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05-23-2007, 05:55 PM
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Member
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Join Date: Feb 2007
Location: Dover, NH
63 posts, read 104,409 times
Reputation: 34
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Up, Up, and Away!
I know in terms or residential, the seacoast town I am in is looking at a proposed hike of 8%, which doesn't sound unreasonable, but...When you consider recent tax hikes, increasing valuations, etc., it is getting harder and harder to keep ahead! |
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05-24-2007, 01:40 PM
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Senior Member
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Join Date: Jan 2007
Location: Londonderry, NH
12,016 posts, read 5,426,264 times
Reputation: 3743
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Leggo - What town are you in? Londonderry bought the development rights to one of our big orchards to keep it from being turned into housing. Maybe you can get your town to realize that a farm's value is not enhanced by the view and teh new assesment is out of order.
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05-25-2007, 07:28 AM
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Senior Member
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Join Date: Nov 2006
217 posts, read 260,108 times
Reputation: 84
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Not in my town, but 30 miles south. The orchard is Gould's in Coontocook. I have heard anymore on the news lately - so I hope they worked it out in the orchards favor. It would be a shame to have it turned into a hillside of condos. It is a beautiful spot looking north towards the White Mountains.
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05-26-2007, 01:07 PM
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What will you do without freedom?
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Join Date: Mar 2007
Location: Somewhere unloading worthless FRN's
313 posts, read 304,713 times
Reputation: 359
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I thought that's what NH's "current use" tax program was for -- to keep taxes low on agricultural and timberland property. Is this orchard not eligible for "current use" status for some reason?
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06-14-2007, 08:42 PM
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Senior Member
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Join Date: Dec 2006
Location: hinesburg, vt
1,573 posts, read 1,188,073 times
Reputation: 297
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Question for NH property owners. Can your annual property tax be reduced like we do in Vt based on income sensitivity? In Vt this applies to everyone, not just seniors, and applies to incomes up to 88K. After seeing some of the property tax rates in NH I can say that even with our sales and income tax in Vt in my situation I still come out ahead.
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