BERLIN — The city is undergoing another property revaluation and homeowners should expect to see their assessments almost double but that does not mean, however, that their tax bills will almost double. If the city’s budget stays the same, the tax rate will drop and homeowners will end up paying about the same tax bill.
The real estate market in New Hampshire and in Berlin has seen unprecedented increases over the past two years said Monica Hurley, of Corcoran Consulting Associates.
After reading this article on sticker shock for the coming revaluation of Berlin properties I admittedly feel a scurry of emotions for long term residents of Berlin.
I myself am from Massachusetts but I have been a landlord in Berlin for over twenty years and own multiple single family units which are rented to native Berlin residents at affordable prices. My tenants have lived in the units for 10+ years.
Rising property values will not only drive locals out of Berlin but the dynamic of the town will also change.
Berlin had one of the smallest graduation classes of all time because the property owners do not live here. Hence their children do not go to school here.
Cannot see how the school budget will increase if the need is diminishing.
Hopefully the city does the right thing and realizes that rising taxes mean unaffordable rents.
What will happen to the rental market here? Well. In time it will become like other areas that tax locals out of their houses.
It is nice to hear your property is becoming more valuable but that is only good news if you are selling it to vacationers.
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After reading this article on sticker shock for the coming revaluation of Berlin properties I admittedly feel a scurry of emotions for long term residents of Berlin.
I myself am from Massachusetts but I have been a landlord in Berlin for over twenty years and own multiple single family units which are rented to native Berlin residents at affordable prices. My tenants have lived in the units for 10+ years.
Rising property values will not only drive locals out of Berlin but the dynamic of the town will also change.
Berlin had one of the smallest graduation classes of all time because the property owners do not live here. Hence their children do not go to school here.
Cannot see how the school budget will increase if the need is diminishing.
Hopefully the city does the right thing and realizes that rising taxes mean unaffordable rents.
What will happen to the rental market here? Well. In time it will become like other areas that tax locals out of their houses.
It is nice to hear your property is becoming more valuable but that is only good news if you are selling it to vacationers.
Elaine Morris
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Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.