NH Real Estate Taxes

[Garcia]

Originally Posted by John Mercier

The localities have little power on the issue.

Which is why DeSantis is making a proposal were all the property taxes would be moved toward those properties and thus make them worthwhile for the localities to harbor.

Currently, local residents feel that the costs are being socialized and the revenue is being privatized.
Under their limited empowerment, removing the STRs increases the value of re-establishing hotel, motel, cottage colonies, etc.

DeSantis' proposal changes that thinking around.

NH has decided to collect money through property tax and maintain no income or general sakes tax - and thus is in the top 5 of the states with the highest property tax. Florida's property tax is in the middle of the states, about average. BUT FL has a statewide sales tax of 6% and allows local surtaxes creating an effective rate of 6.5%-7%.

DeSantis does not have a real proposal yet to eliminate property tax, it's more of an idea. To make up the lost revenue, guess what has to go up? Sales tax.