This just in, Rochester property tax rate is increased 95 cents per $1000. This mixed with a decrease in assessments, means that Rochester property taxes will remain roughly the same (though my tax bill seemed to have gone up about $80). I think we have done fairly well keeping the taxes low when you see the larger increases in property taxes that Somersworth and Dover have come out with.
My opinion, I would love to see the city not adjust the tax assessments and keep the tax rate lower. Yeah, sure, the city will probably get a lot of complaints from homeowners saying that their taxes are too high. Don't we get the complainers already anyway?
Here is why I think it would be beneficial for the city. Home buyers always seem to want to look at the city assessment and say that is what the property is worth, while we all know this is an inaccurate assumption the buyer is making. If the city keeps assessments a bit higher, people may think the property could possibly be worth more. This could have a positive impact on the cities property values. Mix that in with a much lower tax rate in comparison to surrounding towns, and you may create even more positive impact. Just a thought and only my opinions. What do you think.
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