Is NH property tax that bad? Median home cost in NH? (Lebanon: how much, house)
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I think our property taxes are comparable to the town we left in MA, although unfortunately they went up with a town wide reassessment right after we moved in. My understanding is that wouldn't happen for another 5 yrs. But overall I'd say are costs to live here are less. Our heat and utilities are much lower cost and there's no sales tax.
NH has a lot of things going for it. But real estate taxes aren't one of them. It can vary a lot from town to town, but in Southern NH, most towns are from $20-$25 per thousand of home value, which has to be among the highest in the country.
NH has a lot of things going for it. But real estate taxes aren't one of them. It can vary a lot from town to town, but in Southern NH, most towns are from $20-$25 per thousand of home value, which has to be among the highest in the country.
I lived in MA before moving to NH in '96 and it is much less expensive live here than in MA. Take my house and put it in a comparable town (ex. Wesford MA, Sudbury MA) and would cost a lot more. The valuation would also be much higher, so even though those towns have lower tax rates, the actual dollars paid would be higher. Sudbury's tax rate is $15.19/thousand and I pay $$25.10/thousand. A friend of mine in Sudbury pays $16,000/year in real estate taxes and his house is similar to mine....
Utilities do cost more as does car registration. Car insurance is much less. It may have gotten better in recent years, but our car insurance went down 50% when we moved here. Same cars and same drivers. When my kids were teenagers, the cost went up but nowhere near as bad as in MA where my relatives live. I was paying $1700/year and my brother in law was at close to $5,000
If a state is spending money, it's getting it from somewhere. There are a couple of outliers in the table on the website - e.g. Alaska's per capita spending is very high, paid for by taxes on oil so residents aren't actually paying that much. But overall I think it gives a pretty good indication of state level taxes / fees. New Hampshire's spending is below the national average.
Of course, how you personally are affected depends on your individual circumstances. E.g., some states tax income more heavily than property, others tax property more heavily than income.
I lived in MA before moving to NH in '96 and it is much less expensive live here than in MA. Take my house and put it in a comparable town (ex. Wesford MA, Sudbury MA) and would cost a lot more. The valuation would also be much higher, so even though those towns have lower tax rates, the actual dollars paid would be higher. Sudbury's tax rate is $15.19/thousand and I pay $$25.10/thousand. A friend of mine in Sudbury pays $16,000/year in real estate taxes and his house is similar to mine....
Utilities do cost more as does car registration. Car insurance is much less. It may have gotten better in recent years, but our car insurance went down 50% when we moved here. Same cars and same drivers. When my kids were teenagers, the cost went up but nowhere near as bad as in MA where my relatives live. I was paying $1700/year and my brother in law was at close to $5,000
Yes but... jobs in NH pay less than in MA and will less contributions towards health insurance. So I still have to work in the Boston area. And this is why Southern NH is so desirable to live in and most residents there work down in Boston... with the rush hour traffic congestion getting worse all of the time.
Telecommuting is the way to go, even if only part-time. Working remote also makes it easier to live outside the ultra-desirable "commutable distance to Boston" parts of Southern New Hampshire while still earning a Boston wage.
Working for a Massachusetts employer (assuming your employer reports your days worked correctly) you only pay MA income tax for the days you actually spend on-site. Or nothing if you can swing a 100% remote position.
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