Property tax is based on the value of the taxed property.
Waterfront is taxed heavily because it is much more valuable, generally speaking, than non-waterfront.
So long as NH has no income or sales tax, property will be heavily taxed.
To your credit, NH politicians are pretty tight fisted (relatively speaking) and do not spend a lot of tax dollars on "liberal" social programs, as this reflects the conservative attitude prevalent in New Hampshire.
But government provides services which are not cheap; the money has to come from somewhere, and that "somewhere" is (currently) property taxes.
Personally, I think your state's taxation method is quaint and out of touch with the times, but oh well, I don't live there: although my family pays taxes for waterfront property.
Sure, we complain, and moan, but in the end it gets paid: it's the law.
Pay or sell, or change the law.
It really is that simple.
|