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Originally Posted by vrrooom
As some of you know, the american revolution was fought over taxes under the cry "No taxation without representation". I would encourage every property owner to claim NH as their residence at least arround town meeting/voting time, and help the towns and state get a grip on spending.
I have abodes in several states, and keep records to prove that I spend over 180 nights in NH. We sure dont want to meet the tax man in NJ or any other states with Income Taxes which were institued to reduce property taxes (Did not happen by the way).
I have a suggestion for the Concord Tax man, this is patterned after FL, and is called the Homestead Exemption. A residents appraised property value is reduced by some large dollar amnount, shifting the tax burden to non residents and commercial properties. This Homestead Exemption has stood the test of time ,courts and would be a way for the 'crats to shift more of the tax burden to non residents.  |
You are absolutely right. I have properties in Florida and they allow residents to claim a homestead excemption that is a fixed decrease on the value of the assessment. It should be noted that there are some interesting differences and similarities to this bill:
First, many out of state owners (such as myself) own the property for rental. You can not claim the primary residence homestead excemption, but the costs are passed off to the renters as prevailing increases in the rental rates. Renters in New Hampshire will see the same increase in rent if this bill ultimately passes.
Second, areas that have attracted the second property buyer (ex: Miami Beach) are suffering a massive real estate downturn and the local economy is suffering. In this case, it was associated more with speculative builiding.
I would maintain that New Hampshire already gets a dispropotionate amount of tax revenue from Winnipesaukee property owners. Assessments have gone through the roof over the years and most properties are assessed at full market value at the market peak. As I said before, this will certainly kill the golden goose. While we can not vote the politicians out of office directly, the economic fallout will likely be enough for the locals to do so.
My 2 cents
Jetskier
