Quote:
Originally Posted by ansible90
As a retiree in VT, I paid $120 to the state last year for income tax. The previous 3 years I paid nothing. If your taxable income is lower that about $100,000 you will not pay the full property tax (there is a form you have to fill out each year to get the "discount"). I shop in NH so no sales tax. I don't find the tax burden very high in VT. This coming year I may have to pay more income tax because I had to start taking withdrawals from my IRA which is taxable income.
NH does not reduce property tax for anyone. And they charge outrageous amounts for your car each year.
You really have to add up the numbers for yourself. A lot depends on your income level.
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We looked at NH in 1995 - but rejected it b/c of the high property taxes - right now second highest in the country
Property Tax Rates By State 2018 - Tax-Rates.org
It seems that all of the non income states have high "fees" - instead of outright taxes. That includes the vehicles. At one time I was paying $800/yr for the priviledge of living in a no income tax for my newer truck. I was also paying $2000/yr in property taxes. Across the line in Montana, everything was 50% less + no sales tax.
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