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Here are the tax rates for towns in NH. https://www.revenue.nh.gov/mun-prop/...inal-rates.pdf
We live in the north country and like it, but lived SWNH for 30+ years. It's colder here, but much less snow up north it sticks around longer though. We also lost two weeks of our growing season, however, there's great outdoor adventures here. Excellent trout fishing, hiking, snowshoeing. There will be trade offs anywhere you go, you just have to find what works for you. Littleton, Lancaster and Bethlehem are all nice towns above the notch. We are semi-retired and work from home most days, so finding a job isn't important. There are new companies moving here, but the wages are low. Hospital jobs are abundant, but pay lower than the state average.
Here are the tax rates for towns in NH. https://www.revenue.nh.gov/mun-prop/...inal-rates.pdf
We live in the north country and like it, but lived SWNH for 30+ years. It's colder here, but much less snow up north it sticks around longer though. We also lost two weeks of our growing season, however, there's great outdoor adventures here. Excellent trout fishing, hiking, snowshoeing. There will be trade offs anywhere you go, you just have to find what works for you. Littleton, Lancaster and Bethlehem are all nice towns above the notch. We are semi-retired and work from home most days, so finding a job isn't important. There are new companies moving here, but the wages are low. Hospital jobs are abundant, but pay lower than the state average.
What does the tax rate mean? Example Acworth is $26.33. What is that mean?
What does the tax rate mean? Example Acworth is $26.33. What is that mean?
The total tax rate has components for town, county, state education, and local education taxes. The latter is usually the most onerous and the determining factor in the town's overall tax rate. The total number is the tax levied per thousand of assessed property value. For example if the rate is $22., and your property is assessed at $200,000, your total property tax is $22 x 200 = $4400. Most towns divide this into 2 payments per year.
The difficulty in interpreting tax rates lies in the assessments. Properties are supposed to be assessed at fair market value, which can be a nebulous thing due to differences in assessors, market fluctuations, economic climate, period between assessments, etc. It's not safe to assume that you would pay higher taxes on a house with a sale price of $300K in Town A with a rate of $25 than you would on a house selling for $300K in Town B with a rate of $21. To arm yourself with the best information before buying, it's best to get tax bills (your realtor should help with this) for the past several years to see the amounts actually paid by the homeowner. In addition, scope out the school situation in the town. If the town is starting construction on a new high school next year, it's a safe bet that the tax rate is going to increase substantially.
The total tax rate has components for town, county, state education, and local education taxes. The latter is usually the most onerous and the determining factor in the town's overall tax rate. The total number is the tax levied per thousand of assessed property value. For example if the rate is $22., and your property is assessed at $200,000, your total property tax is $22 x 200 = $4400. Most towns divide this into 2 payments per year.
The difficulty in interpreting tax rates lies in the assessments. Properties are supposed to be assessed at fair market value, which can be a nebulous thing due to differences in assessors, market fluctuations, economic climate, period between assessments, etc. It's not safe to assume that you would pay higher taxes on a house with a sale price of $300K in Town A with a rate of $25 than you would on a house selling for $300K in Town B with a rate of $21. To arm yourself with the best information before buying, it's best to get tax bills (your realtor should help with this) for the past several years to see the amounts actually paid by the homeowner. In addition, scope out the school situation in the town. If the town is starting construction on a new high school next year, it's a safe bet that the tax rate is going to increase substantially.
This is fantastic information. We are considering retiring in NH or Maine and this will go a long way in trying to gauge our overall tax situation.
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