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Old 10-16-2008, 05:05 PM
 
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The political adds against Shaheen and Sununu are stating New Hampshire has the second highest property taxes in the country? How do residents feel about that, does this avoid a state income tax? Do people move to northern Mass to avoid this? Does anyone know what the number one state of property tax is?
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Old 10-16-2008, 05:25 PM
 
Location: Monadnock region
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pish. don't believe everything you hear about who has the worst taxes. EVERYONE has the worst taxes no matter where they live! And especially don't believe what a politician is saying during election stumping.

Yes, NH property taxes can be high. Largely it's because there's no sales or income tax so the towns need to get money from somewhere. However, MD and PA taxes are just as high and we have both sales & income. Other states (I think NY is also high) are equally high. So... take statements like that with a container of salt (well, get a big one for any political statements especially during stumping).
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Old 10-16-2008, 05:36 PM
 
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when I compare our taxes to friends in MA, we end up paying approximately the same in taxes - their property taxes are lower, but the difference is made up with state income and sales tax
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Old 10-16-2008, 06:06 PM
 
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It does...our property taxes are high (though this is HEAVILY town dependent)

But there is no income tax and no sales tax. I would look at the total burden on residents. All taxes, living expenses, etc.
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Old 10-16-2008, 06:24 PM
 
Location: Madbury, New Hampshire
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Yes, 2nd highest property taxes, but only by % of value.

A $200,000 home in NH may attract $4K in taxes in mid-to high tax town.

A $200,000 home in Southern California will be taxed around $2-3K.

But in SoCal, your $200K home will be a studio apt in the ghetto. In NH, it'll be a single family home on maybe half an acre.
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Old 10-16-2008, 06:48 PM
 
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New Hampshire consistently ranks high in the states with the lowest overall tax burden. Usually in the top three-many times number one.

Also-what Wanna said- MD, PA and I will throw in NJ all have higher property taxes plus income and sales taxes-not to mention some city taxes as well. NY and CT would also be up there as far as high property taxes and income, sales and city taxes.

Last edited by nicolem; 10-16-2008 at 06:58 PM..
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Old 10-16-2008, 07:46 PM
 
Location: NH
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Nicolem's right on the button. In NJ, we have an $8K property tax on a 60 year old house on a 60/100 lot, plus income taxes and sales taxes on most items.. NH's taxes look really good to us. That's why I'm NJ2NH
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Old 10-17-2008, 12:46 PM
 
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Here's an interesting article I found (I think someone else posted it on this site somewhere). It's a study the City of DC made to compare tax burden across the country.

http://cfo.dc.gov/cfo/lib/cfo/servic...n_05NATION.pdf

NH property tax rate is 5th in the country... the burden is really high on people making less than 50k or less. For comparison, Boston's tax rate is 23rd in the country. Of course, the property values are higher in Boston, so they end up getting more money out of you anyway!

That's probably what the ad meant... tax rate, not actual tax burden. Even though NH has the 5th highest rate, once you start considering a family that's making more than 50k, the actual tax money you pay is still among the lowest in the country. So... It's not exactly a forthright ad. I suppose that's not a real surprise.
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Old 10-17-2008, 01:14 PM
 
Location: Central Maine
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Quote:
Originally Posted by buck naked View Post
when I compare our taxes to friends in MA, we end up paying approximately the same in taxes - their property taxes are lower, but the difference is made up with state income and sales tax
That was my impression, having monitored the NH and Mass forums for a while, and doing some research on the Web. My wife and I are retired federal workers, and while NH offers no income tax or sales tax, it has (depending on the town) fairly high property tax. OTOH, Mass (except for Boston and maybe the Cape?) has lower property tax, a sales taxes, and an income tax ... except, as federal retirees, our annuities would be exempted from Mass income taxes.

So if the total tax burden of NH and Mass for income, property, and sales taxes are roughly the same for most people, for us (and retired Mass state and local govt workers, and other retired federal workers) it looks like Mass would be less expensive in terms of taxes, given the break we get with our income taxes that most Mass residents don't get.

Does that sound about right?
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Old 10-17-2008, 02:12 PM
 
Location: S. New Hampshire
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If there are political ads against both Shaheen and Sununu, who are we supposed to vote for??
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