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I just found out something interesting from the local tax accessor today. It's call exercising your right of ownership on your property. There's a small runoff next to my land I thought. Well it's on my land.I asked if I'm taxed on it as the boundry stakes are on my side of it and not the other. He told me no as no one has ever exercised the right of ownership ad the town maintains it so it's not taxed.
He then told me a story about a property owner who decided to exercise their right of ownership to the low water mark by putting up no trespassing signs at both ends of his waterfront trying to stop people from using his Quote Waterfront.Someone complained as they have been walking that beach for over 50 yrs. they also asked out of anger " I hope he's paying property tax on that land". Well someone got curious and checked. He wasn't nor had he ever paid tax on that land as he has never exercised his right of ownership by controling it or receiving benefit of that land. Well like most towns an modified tax bill was sent to the property owner including an adjustment with the now controled property in it. All 15 acres. Like all the rest of us when you exercise your property rights ie build clear use or whatever they will tax you for it so putting up a sign can sometimes have hidden consequences. Just some food for thought. Ron
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