An uninformed question probably, but can't property owners who have large chunks of land get a current use abatement?
ETA: looked more and see that you have to have > 10 acres
Yes you are correct, 75% of my land is taxed at a much lower rate because of its current use (wooded portion). But its the house value that they get you on. They raised my house value by 30k just like that, land value stayed the same. Just because it was time to reassess the towns value. From my understanding they just do a drive by.
I appealed the decision and got no where really, i got some bogus info that was incorrect, corrected. The info they used was the info from the MLS listing, this info is always fluffed up to make the property sound better then it is.
But since i paid more for the house then what its was previously assessed at on the towns tax record. The assessor takes that as this this property sold for more so we need to meet half way since it has more value now.
And i stated someone could pay 1 million dollars for something just to have it, doesnt mean its worth it! That didnt sit right with him.
So if you move to NH house and you keep your property looking sharp(or not) then your going to get hit hard when it comes that time. The money grab propagates. First its the inflated real estate markup then leads to the property tax markup. All for something that with all honesty is a money pit. Not an investment. Doesnt make any sense to me.
The only ones telling you your home is an investment are the ones that are not mathematically savy or milking/making a living from the process. I now understand why some people let their property go to shit but still live in it.
A property down the street got raised 100k, at that same time. And no there were no changes to the layout or additions made. Same house same land.