Cap on real estate property tax rates?

[paradiddle]

NH has only ONE tax. Property.....

Prop tax can and is controlled by locals who keep an eye on local spending.

No Income tax (which some people can hide from) No sales tax . (well there is a meals tax)

Fla cap only applys to homesteaded (re: full time) residents. Everyone else is fair game (PT residents, business and landlords - they got jammed pretty bad this past year.)

Ca. is a mess (like Mass) and needs to cap something cause they have all the taxes.

If you look it up NH has one of the lowest tax burdens per capita....No Politician wants to tackle that elephant - Income tax... sure way of getting voted out of office. Don't worry. Just make sure you don't work in Maine or Ma. and you'll be fine......


NH ranks 49 out of 50 lowest on local tax burden. Vt is #1 and Maine is #2
Portsmouth Herald Local News: N.H. tax burden among lowest in the country

[TootsieWootsie]

Thanks for the info.
Texas, also, like Florida, caps property tax on homesteaded property that the owner lives in continuously. Same situation legally as Florida.
Homesteading is to protect you from not having to move out of your house in case you cannot pay the taxes or the mortgage. It was set-up originally for the Civil War widows and children who lost all and had no place to go. Old, old law.
To me, the way NH has its politics established is one of the strongest arguments I can think of to almost force the locals to get involved in local politics. They really have set-up this State to be self-governing.
A political science major said that Alaska is even more Libertarian than NH. Would love to see a comparison.

[chicy724]

NH-No state sales tax, no income tax.
Property Tax can be high depending where you live and is highest in towns that occupy schools, and some have multiple schools.
I grew up in Berlin (icky) and my parents pay a few thousand in taxes a year, and the town experienced a surge in property values, like most other areas in the US. The house they purchased for $67k on 1990 is now valued at more than double, and on top of that the tax is higher.
It is based on a rate per thousand of the value, and last I knew it was almost $50.00 per thousand. Surrounding towns like Milan, NH are less expensive.
I now live in North Conway and taxes are high and I guess they are only going up because they just built a new High School.

I have been looking into moving to North Carolina and I am scared because they have Income Tax and personal property tax as well as sales tax. I think New Hampshire is expensive to live in regards to Real Estate/Housing, and the incomes don't seem to be in line with the Real Estate prices so no one can purchase a home without going bankrupt. Perhaps that would be better with some sort of other tax, but we have been without for so long it would be too major of a shock for the residents.
Didn't Shaheen propose a sales tax a while back and it was voted out hands down because we all thought she was crazy?