****Are there any towns in NH with low property taxes? (Somersworth: sales, real estate)
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Retired vet from the northeast, been away for years, currently on west coast, struggling on where to relocate to, as I want to live out in the country and in peace, want to buy a home with a little acreage, I would put NH number one on my list if it weren't for the high property taxes. When I lived up in Littleton some years ago, I was renting and I remember my electric bills were twice as high as they ever were here in WA state. Just curious, and I am sure I am out of luck, but is there anywhere in NH with low property taxes? Looks like there are no tax exemptions for veterans either anywhere in New England. Thanks
Retired vet from the northeast, been away for years, currently on west coast, struggling on where to relocate to, as I want to live out in the country and in peace, want to buy a home with a little acreage, I would put NH number one on my list if it weren't for the high property taxes. When I lived up in Littleton some years ago, I was renting and I remember my electric bills were twice as high as they ever were here in WA state. Just curious, and I am sure I am out of luck, but is there anywhere in NH with low property taxes? Looks like there are no tax exemptions for veterans either anywhere in New England. Thanks
Yes, a number of towns have low property taxes if you don't mind living in a more rural area like the Lakes Region. I would look in places like Alton, Wakefield, interior parts of Tuftonboro and Moultonboro (away from the lake), and Freedom. These towns have a good number of smaller ranch houses with annual property taxes in the $2,000 range or possibly a bit less depending on assessed value.
Electric rates: tend to be higher than the national average. Look closely at the type and number of heating sources that a house might have and the level of insulation it contains.
yes I m finding a ton of houses with w acreage in my range in Maine by far. I see from CD the avg property taxes in towns like Paris ME, and Poland ME, which according to CD, are cheap, per avg. Starting to look at NH towns as well. Concern then would also be the heating costs and electric in both states. yea both NH and ME have high electricity rates, way above US avg looks like..
Rural dwellers often heat with wood they find for free and drag home as they find it. Or buy a truck load of 5 to 15 cords (2) trucks and saw split and stack. Back up heat tends to be oil or gas. I have to wonder if Tuftonboro really is lower in taxes. There is nearly no business there, and many homes built cost 5 million dollars now. Effingham and Freedom have lower rates. These rates are do to being over run from Democrats from away. That and Bill Clinton's Housing bubble. Between Aug 04 and Jan 05 every place in the state was re-evaluated to lower taxes. Sounded good. The tax rate even fell. But then every single tar paper shack in the state instantly became at least 100,000 dollars in value more than it had been.
A good part of How i know is i was pre approved for a 33,000 dollar loan for a cottage on 2 acres. I got sick really bad and when i came too that same place with out so much as 1 new nail had a asking price of 165,000, was sold to a fool for 133,000 and he's lost his shirt. (no brainer)
Still asking prices are way out of line while they have come down. I think this is Nation wide.
As pointed out, each town has it's own tax rate and they vary greatly so picking the right town will have a significant impact on your overall tax burden. However, you need to balance ALL the taxes you will be subjected to, not just the property tax. We found that once you include the fact that NH has no income (except on interest above a min. value), no sales and a reasonable gas tax (to name a few big ticket items), it is one of the least expensive places to live in New England. We found several towns in the Lakes Region with a reasonable tax rate and recently closed on a 6.5 acre property.
We currently live in CT and were originally looking in Maine for a place to build our retirement home, but overall found the cost to live in Maine would be significantly more than NH. I keep hearing about high property taxes, but compared to CT, NH property taxes are reasonable and we will not have to deal with a 5+ % tax on income, 6.35% on sales and our gas is at least 0.25 cents/gal. higher. All this adds up pretty quickly. Good luck with your search.
Median real estate property taxes paid for housing units with mortgages in 2011: $4,922 (2.2%)
......this is for Somersworth, I had a friend who lived there some years ago....that is one high avg property rate..
Last edited by folkguitarist555; 05-21-2014 at 05:36 PM..
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