Meredith property owners will see 9 percent overall rise in tax assessments
By THOMAS P. CALDWELL, LACONIA DAILY SUN
MEREDITH — Waterfront properties in Meredith have increased in value by as much as 17 percent, according to an analysis of more than 400 recent real estate sales. Overall, the town’s taxable property value has increased by 9 percent, according to Town Manager Phil Warren.
The Meredith Assessing Department has completed its 2017 update of property values, which will be reflected in the December property tax billing. Letters will be going out this week to property owners to inform them of their new assessments, and they will have an opportunity to review the information and ask questions of the assessors before the numbers are finalized.
The town’s net assessed valuation increased from $1,770,178,680 to $1,929,119,461, according to information Warren shared with the Meredith Board of Selectmen on Monday.
While most property types increased in value, the assessments for homes in manufactured housing parks declined by 15.2 percent.
Single-family and multi-family homes are seeing a 7.2 percent increase; condominiums, 10.6 percent; vacant land, 2.5 percent; and commercial-industrial land, 7.88 percent.
Overall, waterfront property assessments are up 10.8 percent. Those properties on the Winnipesaukee islands show an 8.5 percent increase; on Lake Winnipesaukee, 10 percent; Lake Waukewan, 11.87 percent; Lake Winnisquam, 15.3 percent; Lake Wicwas, 15.6 percent; and Lake Pemigewasset, 17.7 percent.
Generally, an increase in property assessments will mean a decrease in the tax rate, but that assumes revenues and spending will remain the same. Greater spending or lower revenues will boost the tax rate. The state Department of Revenue Administration will not set the 2017 tax rate until October. Assessed values also may change by that time, if property owners are able to show that their assessments were inaccurate.
The list of property values will be available through a link on the town’s website to the database hosted by Vision Appraisal, and the list will be updated closer to Sept. 1. Those with questions may call the assessing office at 603-677-4213 to set up an appointment to review their assessments.