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captainfav t1_iydd1o3 wrote

I’ll tell you this, rent at my old apartment complex is now more then my current mortgage (including taxes and insurance)

It’s incredible

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Encyclofreak t1_iyef9i6 wrote

Same here. My wife and I were so lucky to get a house in 2020, we'd easily be paying $200-$300 more a month if we stayed in our apartment.

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[deleted] t1_iyexzvz wrote

Yeah I just looked at the place I moved out of 2.5 years ago and it's $200 less than my mortgage but a third of the size, a duplex and it's "Zestimate" is higher than my house.

Meanwhile my house is... WAY nicer.

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allmykidsareheathens t1_iydy0tr wrote

When we moved into our apartment in 2018 it was $950 a month for a very small 2 bedroom in Manchester. It went from $1195 to $1450 this year.

ETA: we are a basement unit and there are zero amenities, three buildings. We pay for laundry ($3 per load), no gym or anything like that, literally nothing except an apartment. It wasn’t worth the $950 we started originally and it definitely isn’t worth $1450 but we are absolutely stuck because of COL now.

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Idisappea t1_iyeljmn wrote

Seacoast, a whole building went up $1000 each unit.

This needs to be illegal

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MysteriousEarth356 t1_iydlq3s wrote

Mine went up ~$600 per year. Altogether my PITI is just under $2K per month for a 3bdr, 3 bathroom single family home. I’m glad I bought 10 years ago because renting nowadays is too darn expensive. Something has to be done to bring down the cost of renting.

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golfgrandslam t1_iydx5oy wrote

We need to build more housing and reform zoning to encourage it

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MysteriousEarth356 t1_iyeb3dd wrote

I agree. Seems like the homeowners in my area are against the construction of any multi-family complex within a few miles of their homes. A developer recently proposed converting a small commercial complex into a 50-unit 3 story townhouse community and people around here protested at the planning committee meetings because they want to preserve their home values. Odd thing is these same people complained about how high their property assessments are for this year.

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mmirate t1_iyeeb48 wrote

You should encourage them to find the ridiculous bloat in the town budget and Slash It™ in the meeting next year. That will solve their property-tax problem, if they want it to be solved.

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ForklkftJones t1_iydpe7w wrote

Nothing yet. She hasn't increased the rent since 2020 and it was a small amount then. Hopefully she'll stay reasonable. Good luck to all of you dealing with these shenanigans.

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flyingcowsandtacos t1_iydrw70 wrote

Taxes went up in Derry by about $400 for us. Still way cheaper than renting.

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sdemat t1_iyfax3x wrote

I was shocked to see the tax rate dropped to $19 and change. I was expecting a drop but not that large. Luckily with the revals we broke somewhat even. Some people here got hit with almost a $200k in revaluation.

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flyingcowsandtacos t1_iyfb0ql wrote

We went up almost $250k in our assessment.

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sdemat t1_iyfblyw wrote

My condolences. That’s outrageous. East Derry I assume? It seems like they got hit the hardest. We went up by 100k in Derry, near the windham border.

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woahexplosion t1_iyesux1 wrote

My tent went up 200 a month. Then the landlord sold it. Then the new landlord raised it another 200. We're going to lose everything.

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CumSicarioDisputabo t1_iyezlbi wrote

It shouldn't be legal to tax unrealized gains.

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ColemanGreene t1_iyf8qh9 wrote

This is an interesting concept, but the property is owned, and has an actual value. It’s owned by the lender, not by you when it’s under a mortgage loan.

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CumSicarioDisputabo t1_iyf9ada wrote

For sure. But normally you can't claim appreciation value until something sells right... So, why am I getting taxed on a "sale" price that didn't happen.

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MurkyDismal18 t1_iyfc9dn wrote

Nashua here...my rent went up by 50% 🙃

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BlackJesus420 t1_iydwn62 wrote

I rent a 800 sq ft apartment on the Seacoast. My rent went up $30 this past June. I consider myself quite fortunate!

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MentllyDisnfectd t1_iyervht wrote

I'm extremely lucky and my landlord raised my rent $50.

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sdemat t1_iyfagg7 wrote

Southern NH. Taxes actually remained the same surprisingly. Maybe a slight increase of 30 dollars.

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SplittingHUNTER t1_iyfbsp6 wrote

Rochester voted in a tax cap which is awesome.. but property values went up…

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DeerFlyHater t1_iydnjwy wrote

I definitely feel for you folks that see increases each year. Especially as we all know pay hasn't gone up in most cases.

I'm probably the luckiest renter in the state or I just have an awesome landlord.

On my third year in the Lakes Region on yearly leases and the rent has remained the same. Granted it is above $2K a month, but I fully expected it to go up. This year the assessed value of the house went up $80K.

Props to my landlord as he leaves me alone, schedules preventative maintenance & includes me in the discussion, and quickly responded to the single maintenance issue I had.

My property tax situation further north is a different story. I turned in a packet to take a couple acres out of current use so I can build, but they haven't sent me the LUCT bill yet. I'm like, come on, I'm trying to give you money.

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steelymouthtrout t1_iyeipag wrote

You're being left alone on rent because you're already way overpaying, dummy. You think you're getting a great deal because you're probably making New York City money working from home right?

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DeerFlyHater t1_iyf5sbz wrote

> because you're probably making New York City money working from home right?

Try again

0

Mynewadventures t1_iydw2nu wrote

Wait, you pay over $2000 a month rent on a property that is worth $80k?

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water_tulip t1_iydyhn1 wrote

My yearly property taxes are going up by $1,340.

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Mortona89 t1_iye602a wrote

Started renting my Nashua apartment in June 2020 @ $1,275/ month. It’s now $1,675/month. This is a small one bedroom apartment at a popular apartment complex. Seems outrageous, but thems the rules I guess🤷‍♂️

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maxhinator123 t1_iyedeh5 wrote

Yeah I had a piece of crud apartment in Nashua, bad/scary neighbors, frequent bugs and mice, rent still hit 1500, just got a place in Manchester for the same price that's 10000 times nicer, but it was a hot grab so I think my new place is well under market

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NckMcC t1_iyf0bsv wrote

Property tax decreased $200 annual.

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redditthrower888999 t1_iydfh34 wrote

Property tax bills were just sent out in my town, they went up about $1 per $1000.

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juicebronston t1_iyeb5a3 wrote

Rent went from $1300 to $1400 this year, will go up to $1500 next year.

3

Encyclofreak t1_iyedaig wrote

My property taxes are only increasing by $117, thankfully.

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letsgouda t1_iyevve2 wrote

Going up $50 in January. I'm relieved it's not more. Studio on the seacoast

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Smirkly t1_iyf0hcg wrote

South central NH. Property tax increased by $64. very modest increase.

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pachucatruth t1_iyf41bq wrote

We raised our tenant’s rent by $100. We are still losing money on the unit 🙃

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Ted_Fleming t1_iyfcgxe wrote

In the short run maybe but a loss is also a tax break…in the long run you are building equity with someone else’s money and will reap the benefits when sold

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DavidVogtPhoto t1_iyfdf5b wrote

Agreed, hard to say it’s “losing money” when someone else is paying your property taxes and equity.

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allytins t1_iyfbrnu wrote

Upper Valley. My annual property taxes went from $9,500 to $15,500 in three years.

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MTBjes t1_iyfdn5z wrote

Lincoln, NH here, rent went up 5%

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BeeYehWoo t1_iydteuz wrote

2 family house. Taxes went up $1500 from last year. Both rents increased $100/month

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LaserRedstang t1_iydzf2m wrote

My property tax only went by $100 thankfully.

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TinoTheRhino t1_iye4g0b wrote

My yearly rent has increased by $300-500 every year since I moved out in 2015. I considered myself lucky to only get a $400 increase this past year, since most apartments in my year have increased $500/MONTH over the past 3 years.

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proseandprotein t1_iyejwlq wrote

My rent went up $100, but I have an excellent landlord.

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movdqa t1_iyf3kei wrote

Property tax went up $0.20/1000. I think that it's still under $4K. It went down a lot a couple of years ago.

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kyguylal t1_iyf7ddg wrote

Went from $6,800 to just under $10,000 in taxes...

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sdemat t1_iyfal9d wrote

Wow. That’s gotta be because of the revaluations. Are you in Derry or a high tax town?

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every1getslaid t1_iydgc9w wrote

Property taxes went up about $500/yr on both my houses. (Seacoast NH)

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beardmat87 t1_iyeinkq wrote

Property taxes went up $1400 for the year

1

Infinite-Trader t1_iyf13gb wrote

I increased our tenants lease by $200

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