Portsmouth Property Re-valuation Meeting Video - Not Available? - Granite Grok

Portsmouth Property Re-valuation Meeting Video – Not Available?

Portsmouth average property value - Zwillow
Portsmouth average property values – Zwillow

The City of Portsmouth has been ruffling feathers over a proposed property re-valuation.

“I can see it coming,” Whitehouse said Monday. “Come October or the last part of September when they set the tax rate, then I’ll know how bad things will be. I keep cutting and cutting, but I’m all by myself and I’m trying to hang on.”

Someone just told me that there was a meeting this week, but there’s no video of the meeting. Technical difficulties.

I can’t find any news on the meeting, so there’s no way to confirm this (feel free to send me a story or link if you have one), but the re-valuation is unpopular with residents because they always seem to result in higher taxes. It seems like as good a reason as any to have “technical difficulties.”

But shouldn’t Portsmouth be more than willing to pay their ‘fair share,’ you ask?

Portsmouth does like to present itself as New Hampshire’s trendy, coastal outpost complete with a left-thinking, sidewalk-bistro-esque, superiority complex. But that sort of pride doesn’t come cheap. If you want the upscale resale rates that come with the prestige of pretentious properties you have to pay the progressive piper.

Porsmouth Median List price - Zwillow
Portsmouth Median List price – Zwillow

And pay they have.

In 2008 the city budget was $79.8 Million. Ten years later the 2018 budget is $109.4 million. That’s almost 40% more Portsmouth (government) in just a decade.

From March 2012 to present Zwillow reports that property values in Portsmouth have risen about 68 percent, with sale prices rising 65 percent. The average home is worth about $100,000.00 more in 2017 than in 2012.

The city budget has risen $23 million in the same span.

The predominantly Democrat town fathers, mothers, sisters, and brothers, need your money to keep those “lights” on.

Or maybe they just need it to keep the cameras running at town meetings.

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