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Originally Posted by nj2nh
I would love to live in NH. The property taxes there seem so much more manageable than here in beautiful NJ where we, too, fund our schools exclusively through property taxes. Taxes for my modest 4 bedroom home are around $13K! Plus, we have a 7% sales tax (just went up a while ago) and income tax. Geez! But, we all get by since we know that is the price to pay for living where we do.
So, things are a mess all over and I can't wait until 2014 when my youngest graduates from HS and we can establish residency in NH and send the boys to UNH!!!!
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Sounds like a good plan, nj2nh. I'll be right behind you heading north. Don't fall for the line that an income tax will ease property taxes. As I've stated in earlier threads, NJ has the highest property taxes in the US, plus a now 7% sales tax (started at 3%), plus a graduated income tax -- yes even on retirees' income (PA doesn't tax retirement income). We also have casinos in Atlantic City which was supposed to alleviate the need for higher property taxes as the proceeds from gambling and the state lottery were supposed to help education. Yeah right! My property taxes have risen 8-9% each of the past 5 years. I'm now paying $6500 for a 47x100 lot with a small 3 bedroom cape. Someone I know with a 5 bedroom lakefront home in Alton Bay with boathouse and a heck of a bigger lot paid less than $7000 in taxes last year and didn't have income or sales tax to worry about. So, who's getting taken to the cleaners? All higher taxes equate to is higher spending.