U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Maine
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 11-21-2012, 05:10 PM
 
Location: Eastport, Maine
1,158 posts, read 2,092,483 times
Reputation: 1115

Advertisements

Amen SLY FOX. That is enough to say!
Reply With Quote Quick reply to this message

 
Old 05-16-2015, 05:21 PM
 
Location: Peru, Maine
278 posts, read 213,470 times
Reputation: 317
Default Hi Beltrams, would you answer a question for me?

Quote:
Originally Posted by beltrams View Post
I find property taxes much more scary than income taxes. With income taxes you don't pay unless you have earnings so in theory you should have some money to pay taxes with, but with property taxes you can end up owing a lot even with little if any income. Years ago my parents almost lost their house because of business problems even though the house was paid for. It was the high (MA) real estate taxes forced on them by all the young families moving into town and voting for one tax override after another. High property taxes can steal the house right out from underneath you. Not so income taxes.

I love central and northern NH as well as the fairly unobtrusive government, but the undo reliance on property taxes to fund so many things that other states do at least partially with income taxes and state money kicked back to towns- those high RE taxes are scary. Yes indeed that has kept relatively lower income but frugal me out of NH.

I paid $1100 something this past year on 55 acres, an 1100 sq foot home and a large garage/barn in northern Maine (with a homestead exemption) the best apples to apples comparison in NH would probably be with similar properties in the upper Connecticut River area, Strafford, Columbia, etc. and I bet the RE taxes would be at least doubled if not tripled or more.

It seems to me the people most likely to move to NH these days would be high income people from areas south of NH because they're the only ones that can afford property in NH.
************************************************** ************************

Hello Beltrams, I was reading your Post, from a discussion on The C.O.L. in NH. vrs ME. from 2012, and came upon your Post here.
You sound exactly like me, with your above statements!

My Wife & I want to move to Maine (or NH) next year (2016) as we are both retired, and basically living on Social Security $'s. She receives a small monthly pension.
I still work, part time, and do odd jobs, cut trees/produce firewood, which I also sell on the side.
I enjoy Logging, getting out in the woods! (It keeps me in shape & sane (?).
She is 67 and I am 63, and are looking to get O-U-T of Connecticut, and out into a much more Rural. quiet, wild area.
Where in Northern Maine do you live? (What town)? Could you give me other town names, where we might find something similar to what you have...."55 acres, 1100 sq ft house B-A-R-N " (!!!)
We are looking for quiet, serenity, no neighbors in eyesight, less traffic, nature, MTS, lakes (?).

Any town names come into mind?

I'm especially interested in the Maine UT's!
* What exactly is a "Homestead Exemption"?

Currently we live in New Fairfield, CT, right near Candlewood Lake, Western/Central Connecticut

Thanking you in advance

CTwoodnutt
Reply With Quote Quick reply to this message
 
Old 05-17-2015, 04:56 AM
 
Location: Northern Maine
9,295 posts, read 13,926,124 times
Reputation: 8284
CTwoodnutt,

Anywhere in northern Penobscot County east of I-95. Such places do exist.
Reply With Quote Quick reply to this message
 
Old 05-17-2015, 06:23 AM
 
Location: Forests of Maine
29,217 posts, read 46,421,330 times
Reputation: 16642
Quote:
Originally Posted by Northern Maine Land Man View Post
CTwoodnutt,

Anywhere in northern Penobscot County east of I-95. Such places do exist.
Are you pointing CTwoodnutt in my direction? Or in your direction?
Reply With Quote Quick reply to this message
 
Old 05-17-2015, 02:56 PM
 
Location: Maine
1,174 posts, read 767,651 times
Reputation: 889
Quote:
Originally Posted by Submariner View Post
Are you pointing CTwoodnutt in my direction? Or in your direction?
Or in Washington County as well
Reply With Quote Quick reply to this message
 
Old 05-18-2015, 05:55 AM
 
Location: Northern Maine
9,295 posts, read 13,926,124 times
Reputation: 8284
If a retiree has a relatively low income and is not faced with high income taxes, Maine is the place to be. Wealthy retirees with large dividend incomes and pensions tend to buy camps in Maine, but establish their residences in North Carolina or a state with no income taxes.
Reply With Quote Quick reply to this message
 
Old 05-19-2015, 01:05 AM
 
393 posts, read 767,144 times
Reputation: 296
If I had to do it all over again, I'd pick NH, even though I do love living in Maine, because even though the property taxes would be $1500 more expensive in NH for the equivalent of what I have now, other savings would more than make up the difference.
Reply With Quote Quick reply to this message
 
Old 05-21-2015, 09:24 PM
 
Location: Northern Maine
9,295 posts, read 13,926,124 times
Reputation: 8284
You can buy a 3 bedroom ranch with 2 car garage built in 1980 for $79,900 in Maine. The same house in NH Will sell for $159,900. Why is that? More economic opportunity in NH. You can afford the brutal property tax in NH if your income is higher and you don't have a sales or income tax.

When you retire, that dynamic flips and you come to Maine with its low property tax. You already have all the toys you need and there is no sales tax on food. Just pick a low hassle town.
Reply With Quote Quick reply to this message
 
Old 05-23-2015, 10:04 AM
 
Location: Medway, ME
631 posts, read 525,468 times
Reputation: 471
Quote:
Originally Posted by Northern Maine Land Man View Post
You can buy a 3 bedroom ranch with 2 car garage built in 1980 for $79,900 in Maine. The same house in NH Will sell for $159,900. Why is that? More economic opportunity in NH. You can afford the brutal property tax in NH if your income is higher and you don't have a sales or income tax.

When you retire, that dynamic flips and you come to Maine with its low property tax. You already have all the toys you need and there is no sales tax on food. Just pick a low hassle town.
There are only a handful of locations left in NH where you can still get a reasonable house price and property tax rate often with enough land to yourself (1800+ sqft house, 1960s+ age and around ~$150,000):

(My percentages below are adjusted to show % x house appraisal value for property tax estimation)

((I used the FULL MILL RATES, not JUST the property tax))

Albany 1.277%
Alton 1.385%
Bartlett 0.979%
Errol 1.229%
Freedom 1.220%
Hebron 0.818%
Moultonborough 0.886%
Wakefield 1.274%
Wolfeboro 1.301%

BOLD = cheaper than the commonly boasted about "1%" property tax in California

^ This is literally it for the entirety of New Hampshire. The houses in those locations are very few for those specifications I listed above and are the only places in NH where you are competitively matched against most of Maine. As Northern Maine Land Man said, NH is more for working and ME is much more beneficial for retirement. (And Maine has the best universities; totally not biased )

Last edited by kingdomkz; 05-23-2015 at 10:14 AM..
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Maine
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2017, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32 - Top