Real estate tax shock?????????????????

my Dec 2014 RE TAX qtr bill( drum roll please) $2086/qtr. 2015 (whooppy cushion noise) $2612/qtr. needless to say just a little shocked! time to look for a double wide that can take a wood stove( aint payin propane prices),then we could live live basically rent free. town also added 17% to value of the house in a zero inflation year????????????????( town has no sewer, rubbish pick, plows 1" snow yesterday,no wood distribution from h'way dept,school parents pay for bus.

can't imagine what a small local farm would be like? wait til all the pensions come due for towns like this as well.time to leave town.

END OF RANT , FOR NOW!!!!

 

Taxes are stupid up there. One of your quarter payments would cover about 3.5 years of my property taxes.

 

Let's see. The U>S> economy growing ( as the Prs. says robust) at best 2%. the Fed raises the prime rate .25% to get inflation going off it's 2-3%. Hanover, Ma goes up on my tax bill 21%???????????????????? any business outside of electric rates raise there price21% .

 

My taxes went down this year (runs and hides)...

 

Doug MacIVER I can't like that but I can feel your pain, my retirement plan is to move to lower tax state as in last 10 years my property taxes have doubled but my income hasn't. I love our schools but the increases are not sustainable!

 

tax on this prop 1999 $ 4824.towns have sold out to unions on pension deals and face years of financial crushes because of the deal given. there is a reason Roosevelt didn't want unions for public employees. even some of the teamsters have had to go the way of a mich. city

waste , hanover sends out salters and plows for 1" of slush, ssip the fuel cost down the down the street drains.( no water/sewerage treatment plant in this town either)

 

Even electric rates can't go up that much

 

Not yet anyway.

 

Probably why there aren't many small local farms and just subdivisions in their place, hard to farm acreage at any profit at those millage rates

 

$140 a year here on 10 acres.

 

Here they appraise your house and it's about 2% of appraisal. Town gets 500 year.. school gets about another 4000. Do not complain about town rate but school (mostly because of teacher salaries) been going up 6% a year then they do another appraisal.

 

You have a PSC? No?
They control rate hikes and require more than a few skips of a jump rope to get them.
You may get a fuel surcharge when global oil markets rebound but in the mean time most folks should be looking for a rebate from all the cheap NG.

 

oh forgot to add that for your primary home double it if investment property or camp. they call those second properties and to make property tax double.. As a landlord I got a few.... taxes and insurance cost as much as mortgage. then they wonder why rental rates are high

 

not up here, pipe line supply so tight electric companies often buy power off spot market, no generation replaced closed coal plants and not enough natgas to increase remaining plants. Plymouth nuc plant shutting down, seabrook, conn yankee Vermont yankee all gone or going!?!Plymouth, Ma taxes take a wack but plant takes years to close. biggest tax drain are rightfully schools, the pension deals down the road are killers, 75-90% pay and full med coverage. big busts coming in sm and lrg city budgets.

 

It just sounds good. Ma. Is not even in the top 10 on the highest property tax states.

Why do we stay here? I dunno, for us it is being in close proximity to Boston and some of the best hospitals in the country.

 

I think if you stand back and look at this from a socio-economic perspective

Hanover was probably once a "remotish" woodsy community too far from the bedroom communities of Boston to justify the travel.
As they become a community competing with nearby school systems the answer is "throw more money at it" and eventually they drive out lower income folks (push their test scores higher) raise themselves onto a pillar and declare victory for those willing to pay to get away from even higher priced areas or the ever growing city.

As for your utility rates, when your state decided to de-regulate amongst the mass hysteria that the companies in place were bilking you, how's that working?
I know what is specifically going on with plants up there.

They can't make enough money to replace broken parts running on cheap NG, there isn't any profit margin to bid in, so they sell the NG forward and turn a meager profit - instead of losing money

 

Yeah but CNNmoney has you listed at 8th overall

 

Ouch....and I was upset because ours went from 1500 to 1600 per year. I'm going to start singing "Count your blessings name them one by one" Sorry Doug