A number almost all home
buyers look at is the tax rate of towns they're considering to buy a home. Here
are the property tax rates for three nearby towns:
·
Hanover 19.03 (incl. $1.214-- fire District)
·
New London 16.17. (incl. $1.12--water)
·
Sunapee 14.62 (excl. water tax)
·
Eastman 22.92 (incl. $1.48--water):
(Grantham) plus an FY2015 Annual
Assessment
of $3189
(or $13.92 per thousand
on a $229,500
home)
for an equivalent rate of
$36.84 per thousand
AND a $5000 buy-in fee
Simply put Eastman's
costs are sky rocketing upward and our home values are spiraling downward. Our
taxes “alone” are 20% higher than those in the town of Hanover and 42% higher
than those of the town of New London and those numbers do not include your
Annual Assessment fee or the $5000 buy in fee someone will pay if you sell your
house.
Grantham's property tax
rate has risen “only” 83% since 1999. In the same time, Eastman assessments
have shot up by more than 150%!!!! Currently Eastman members have a long-term
debt of $1,672,000 or $1,718,368 including interest payments. Our governance
“leadership” wants to further increase your Annual Assessment AND
simultaneously increase your home’s liability by adding more long term debt.
No wonder our property
values are dropping. Meanwhile your Board, your Council President, your General
Manager, your CRC/Golf Clubhouse Committee want to increase those costs even
more so that your home values drop further. Much like the Robber Barons of old,
these people are so wealthy they don't know what it's like to tighten OUR
budget or reduce THEIR spending. After all it's other people's money - why
should they care?
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