Today I saw a report in the Caledonian Record newspaper that demonstrates what is really happening in this state. And it goes like this:
An elderly man that has lived in his own home in Lisbon, N.H. since 1966 is being evicted from his home by the Town of Lisbon for unpaid local property taxes. The article went on to state that the town is actually owed some $622,000.00 in unpaid local property taxes.
So I did some quick math.
In 2010 the Town of Lisbon collected $3.8 Million Dollars in local property taxes.
The Total Landmass of the town is 26.2 miles not all of which is taxable.
The Total (2013) arrears in late property taxes is $622,000.00.
With these statistics and converting square miles in acres; I arrived at roughly a tax rate of $5.9023 per acre and then dividing this number against the total to be collected (most available number) of $3.8 million means in English that 16.3686% of the town of Lisbon is in default of their property taxes.
I'm not talking about people, I'm talking about the total landmass of the town. 16% of Lisbon is now in default on their local property taxes. What happens when this number climbs to 25%?
How does government pay for itself with default rates like this?
Answer: They would have to take out a loan, called a tax anticipation note and pay 5.79% interest until they can collect the defaulted property taxes, if they can collect them at all.
I wonder what our Marxist Governor Hassan would have to say about elderly people losing their homes due to local property taxes.
Imagine Gov. Hassan doing anything other than appointing a committee to study the issue.
Last night I went home and double checked my number(s) and analyis using the correct conversion of square miles into acres which is: total square miles times 640= total acreage.
Once again I calculated Lisbon's Property Tax Rate and came out with 16.3% percentage of total acreage in default.
I'd ask you to check the default rate in your own community. The math isn't hard. Just get total taxes collected three years ago, get the current late and default rates (usually the same) then get the total acreage of the community on Wikipedia. Then Divide the Total Taxes Collected/Total Acreage. This equals the tax rate. Then Divide the Total Default rate by the tax rate. This shows the number of acreage in default. Lastly, divide the total amt. of acreage in default by the total taxable acreage this is the percentage of the community acreage that is is in default and could be siezed or controlled by the government.
When the government advises on issues this socialism. When the government creates dependancy this is marxism. When the govenment owns and controls everything this is communism.
Don't think it can't happen in New Hampshire because it already is.