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Old 12-21-2007, 03:52 PM
 
240 posts, read 414,267 times
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I was told that NH is gng to raise the property tax on those that have a mt view. Can this be true. If so, I think that is a wretched thing to do to homeowner. Or is someone pulling my leg with this story!
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Old 12-21-2007, 04:46 PM
 
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Well its not exactly a "mountain view tax" but the view is taken into consideration when assessing a house for property tax. So is location, proximity to public schools, convenience, how nice your house is, etc.

NH has no income tax, no sales tax, of course they are going to gouge you on property taxes. Hehe.
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Old 12-21-2007, 06:10 PM
 
Location: Madbury, New Hampshire
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Quote:
Originally Posted by bingo08 View Post
I was told that NH is gng to raise the property tax on those that have a mt view. Can this be true. If so, I think that is a wretched thing to do to homeowner. Or is someone pulling my leg with this story!
It is as 399 says. No tax on views. Property tax is based on the approx MARKET value of your home. Views, waterfront access, good neighborhoods, etc. command a premium on the real market, and thus houses with views sell for more and get taxed more. Obvioulsy, tax % is identical to a house without a view.
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Old 12-21-2007, 09:30 PM
 
Location: Monadnock region
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Yes, the assessing companies get really crabby when people refer to it as a "view tax". But when your house is assessed by 17% higher than someone in a comparable house that doesn't have the same view... it's not surprising that it gets called that. but, that's all part of the concept of 'location'
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Old 12-22-2007, 07:16 AM
 
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Wow! Is this view tax already in use or is it coming in the near future?
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Old 12-22-2007, 07:42 AM
 
Location: New Hampshire
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It's here now. And, a lot of it is based on the "WOW" factor. The bigger the WOW that comes from the appraisers mouth when he sees the "view", the more it's going to cost you in tax dollars. I recently ran across a barn which was part of a working farm. The older barn was no longer used for livestock but for storage. The barn sat upon a hill alone and away from the main home. The owner's tax assessment on the barn's portion of the tax bill went from $25,000.00 to over $100,000.00.
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Old 12-22-2007, 08:40 AM
 
Location: Southern New Hampshire
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The "view tax", has always been in use, but until the last couple of years, it didn't have a name. Your view does affect market value, and market value is what assessments are based on. Your view is all part of why you would or wouldn't buy a house, right? As others have said, two identical houses in a town, one has views of a lake, or a mountain. The other has a view of a parking lot or a manufacturing facility. Which would you rather buy? Which is worth more? Why? Because of the view

When you are working with new construction, the Premium Lots are those that have a view and you pay much more to build on a premium lot than a standard lot.

It's really not fair, especially when so many of the properties with a view have been in a family for generations. I wish they would consider adding this "view tax" at the time a property is sold (for the premium price that the view will fetch) maybe as part of the transfer tax, which is already the highest in the nation, by the way. That is certainly preferable to forcing people out because they can't afford the taxes...
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Old 12-22-2007, 09:08 AM
 
Location: Madbury, New Hampshire
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Quote:
Originally Posted by Valerie C View Post
It's really not fair, especially when so many of the properties with a view have been in a family for generations. I wish they would consider adding this "view tax" at the time a property is sold (for the premium price that the view will fetch) maybe as part of the transfer tax, which is already the highest in the nation, by the way. That is certainly preferable to forcing people out because they can't afford the taxes...
Well, it IS fair in that everybody pays tax based on the assessed market value of the property. What ISN'T fair is that some towns switched to external assessors who suddenly valued properties much higher and the resident's bill went up 100, 200%. One might argue for a law that protected a tax payer from such sudden increases by spreading the raise over an extended period of years. Such a law might also have protected those who had to give up homes with huge tax increases due to the 200-300% jump in home prices in the last decade.
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Old 12-22-2007, 09:44 AM
 
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"Such a law might also have protected those who had to give up homes with huge tax increases due to the 200-300% jump in home prices in the last decade."

ayuh....been there, done that.......


NH is run by the wealthy, and they can easily afford the high property tax or the 200% increase in annual taxes. With no income tax, the billionaires that settle here, and there are a LOT of them, have no problem paying the property tax because they are saving so much money.

One example would be the prior owner of the Loudon race track. (I only use him as an example, because I know the numbers......) He pays $365K a year in property tax, but this year he made $27M just from the sale of the track, and that does not count the millions he made in sales from tickets. If he were required to pay 3% of his income in taxes, it would be a LOT more than $365K. He benefits from living in an income tax free state.



I would benefit if they imposed a 3% income tax and did away with the property tax altogether. That is not about to happen at any time soon. The NH legislature is run by the wealthy elite, because nobody else can afford this job. It only pays $100 per year.
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Old 12-28-2007, 03:51 PM
 
1 posts, read 2,562 times
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I found a way around the view tax...... My home is located on what would be considered a scenic road. I own the land behind me that runs upwards to a peak. I built a cottage, (read that elegant shed) on cinder block, on that peak. It's not considered a house, it's not permanent and I have a wonderful view of a lake, a river and all the valleys along the way for 270 degrees. Let them try to tax that..... it would be like taxing a tree house..
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