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I was reading the Retirement forum and someone posted that the property tax goes away at age 65 in NH. Does anyone know anything about this? I live in New Hampshire and haven't heard about this. Could it be true?!
I doubt it. My parents are 80 and 81 and they still get property tax bills! However, most towns have something where you may be able to get a discount on your taxes. I know vets can ask for the discount and low income can also. I thought I heard something about a retiree discount.. though it might be income related as well.
This goes to prove that you can't believe everything you read on the Internet! While many towns in NH have an elderly exemption (determined by each individual town) many don't. There is no state-wide mandate that forces towns to comply with tax exemptions....
Quote:
Originally Posted by calicocutie
I was reading the Retirement forum and someone posted that the property tax goes away at age 65 in NH.
Fight for fiscal moderation or conservatism at the town level.
Attend town hall meetings.
Stay informed about town issues.
I can't understand how some people can stomach paying 7K plus in property taxes.
The Lakes Region is tops for lower property taxes and cost of living (away from the lake).
(The land area in many of these towns is quite large, so finding a rural spot is not a big challenge).
You usually have to be old and pretty poor. New Hampshire folk just don't want to see older folks having to sell their homes because the property taxes have gotten so bad. New Hampshirites also fight a lot of the big spending projects that would normally sail through unopposed in other states.
I met a guy on Saturday that moved to Massachusetts because he could not afford the property taxes in NH. He doesn’t make a lot of money so the Mass Income Tax takes less than the NH town taxes.
IMHO All taxes should be based on income and not on what you own, buy or sell. But that discussion is for the Politics Forum.
There are higher property taxes in NH compared to Mass because our towns/cities have more local control. I will gladly pay for local control over bigger government spending my tax $ on numerous things I likely would not choose to support any day. That's not to say there is not corruption here and there - we just need to be vigilant to keep our town governments honest and to fight excess spending on ridiculousness like sidewalks, etc.
The property tax rate may be higher in NH but the actual dollars paid is not necessarily higher. A friend of mine has a house in Sudbury, MA which is similar to mine and while his rate is lower, he pays more money due to the higher valuation. He's closer to Boston, so his property is worth more...
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Does anyone know anything about this? I live in New Hampshire and haven't heard about this. Could it be true?!
