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Revaluation flagged as potential tax shift from commercial to residential in Deep River
Summary
Officials raised concerns during the public hearing that the ongoing property tax revaluation could shift tax burdens from commercial properties to residential homeowners, prompting calls for analysis and planning.
Officials warned that the town's property tax revaluation could produce a shift in the tax burden from commercial to residential properties, a change that could affect homeowners' tax bills if not mitigated in the town budget.
The transcript notes the revaluation discussion and the possibility of a tax shift but does not provide detailed estimates of dollar impacts or list specific properties affected. Board members identified the potential shift as a topic for further budget analysis and planning.
Speakers also connected the revaluation discussion to the broader funding overview and capital outlook, noting that changes in assessed values will feed into future budget and mill-rate decisions.
