Quote:
Originally Posted by fatlazyless
With no short term or long term capital gains tax, no income tax, no sales tax, and no oil fields underground like in Alaska, the New Hampshire local property tax is NH's 'hi-torque tax engine.' It does the heavy lifting. Here in New Hampshire, you can lose your job only to see your home's assessed value go down, and at the same time your property tax bill can go up. How is that a fair tax?  |
I don't know about fairness, but each towns "legislative body" ( voters) approve appropriations and budgets each year and regardless of what happens to valuations and other revenue sources, the tax rate has to be adjusted to raise sufficient revenue to pay the bills.