Lisbon Isn't Alone.

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. Lisbon Is Evicting People For Unpaid Local Property Taxes. Default Rates Are Rising Across New Hampshire.

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.