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ITD wrote:
Mass 2 1/2 keeps the levy from rising more than 2.5 % in one year unless approved by the voters. It doesn't mean you pay 2.5% of the value of your house per year.
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To help clarify because Proposition 2 ½ is commonly misunderstood. Proposition 2 ½ limits the municipality from raising the overall tax levy by more than 2 ½ percent a year, meaning taxes can only be raised by 2 ½ percent a year based on the full cash value of all taxable property in the city or town unless voters approve an override for a specific project.
It doesn’t keep an individual homeowner’s property tax from raising more than 2 ½ percent a year.
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ITD also wrote:
I actually think a law like 2 1/2 would be good in NH, but don't expect the politicians to advocate for it.
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You are absolutely correct!
If you are old enough to remember, it was a citizen’s initiative petition that was approved by voters that was brought about the law.
Politicians in Mass didn't advocate for it and any politician that suggests doing away with it knows he/she would be a former state rep or senator at the next election.