Home Values Down, Assessments Up

In 1973 we built our first Eastman home at 23 Allen's Drive.

·      In 1973 that home cost $46,000

·      In November 1999 we sold that house for $118,500

·      In March 2013 that home sold for $119,000

·      In a 14 year period the home appreciated $500 in the Upper Valley housing market

·      Assessment Fees:

o   FY2000 = $1260

o   FY2013 = $3010

During that 14-year period (FY2000-FY2013) the owners paid $27,930 in Eastman Assessment Fees "improving" Eastman housing values and at least $10,000 for membership fees for a total of $37,930 (the property was sold twice after the membership fee was put in place.)

Is there absolutely any evidence whatsoever that all the money we are spending on vehicles and buildings really improves the market value of Eastman homes here in the Upper Valley or is it simply government propaganda perpetuating a hoax on us the Eastman Members?