California style
I have a friend who lives near San Fran, apparently their RE tax is set by the original purchase price, its only reset when the property sells. She bought in the early seventies, and is sitting pretty relative to paying low RE taxes. The state will get its re-val when the property sells and new owners come in.
If this is indeed the way it works in CA, I like it. Seems like a better approach. It doesn't force out older folks who are on a fixed income. Plus, I'd imagine it forces the state to balance the books in a more broad based way.
Right now seems to me that NH's obsession with not having an income tax and not having a sales tax forces the state to come after us RE owners. I'm tired of floating the boat for renters, non resident workers, border crossing shoppers, etc. Add to that that us islanders have virtually no burden on the town....no school, fire protection, garbage pickup, etc. NH needs to find a way to share the tax burden, not depend so much on RE owners.
|