Quote:
Originally Posted by GregW
New Hampshire is a wonderful place to live on a adequate income, say $100,000+ and a not so good place if you are making much less, say $50,000-. This is because the property tax is not proportional to your income and continues even if you lose that income due to hard times or simple retirement.
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Are property taxes in any state proportional to income? Other than an elderly exemption with an income cap, I do not believe this exists in any state.
MA has low property tax rates but high valuations so the dollars the homeowner actually pays is often higher than in NH for a similar house. I own a small straight ranch house in a neighborhood in Boston and pay over $3,000 in propery taxes. The rate is only $10.63 but the house is valued at over $300k. In Manchester, the rate is $17.35, but the same house would be valued lower.