Well the long awaited Amherst NH real estate property tax bills are out in Amherst NH. We had a revaluation in town and property values are down of course.
They are all over the place in terms of percentage of decreases in valuation. I have seen them drop less than 10% to over 30% in value. Then I am hearing how happy Amherst home owners are that the values have dropped because they think the tax bills are going down.
Well most of us in the business understand that a drop in the value of the Amherst NH property, doesn't mean the tax bill is going down. The town tax rate will increase so the town can collect the same amount of money to pay their bills.
So the tax rate in Amherst NH in 2010 was$20.48 per $1000, the new bill for 2011 is $25.37. The expectation is that most everyone's bill would go up. I have heard of a couple that have decreased, but most are up up up.
I expect we will see the same thing in other towns as the mill rate is set for 2011.
Comments(0)