One angle of thought that I don't know if a lot of residents are considering is that most of us are due for re-assessment on our properties. By my rough calculation, if all warrant articles are voted in, my taxes will go up $2,158--from $7529 to $9687, roughly a 28% increase.
Now a re-assessment may take my property much higher based on a few factors, but also nearby sales at the current stratospheric market prices could take my personal evaluation from $344k to over $500k (TWICE what I paid for it over a decade ago!)
If that becomes reality, my tax bill would jump to over $14,000... or almost DOUBLE what I pay today (roughly ~$625/mo. would go to around $1166/mo. in this scenario.)
I realize these are worst case/doomsday numbers, and certainly estimated, but the reality is this is not an impossible outcome for many residents.
The impact of the vote on these items, especially Article 22, will price many single-income families, senior citizens, disabled, veterans, etc. out of town.
Tuesday, March 12, 2024
Matthew B.