Great Day / Sad Day

Woodsy · 08-29-2017, 09:25 AM

Gary... You mention that your property tax is 1/4 of Meredith. However, you also pay a 9.3% state income tax, (1.5% city income tax?) and 8.5% sales tax....

If you bought out your siblings @ FMV... You get to keep the financial rewards of your initial share of the an increase in property value when you decide to sell, and any additional increase in value as well. (you don't have to split the $$ with your siblings)

I am glad you are in a good financial position to do this for yourself & your family, but no offense, but its apples & oranges comparing CA to NH. California is the ranked 10th in tax burden.... NH is ranked 46th..

Woodsy

08-29-2017, 09:25 AM	#19
Woodsy Senior Member Join Date: May 2004 Location: Weirs Beach Posts: 1,968 Thanks: 80 Thanked 980 Times in 440 Posts	Gary... You mention that your property tax is 1/4 of Meredith. However, you also pay a 9.3% state income tax, (1.5% city income tax?) and 8.5% sales tax.... If you bought out your siblings @ FMV... You get to keep the financial rewards of your initial share of the an increase in property value when you decide to sell, and any additional increase in value as well. (you don't have to split the $$ with your siblings) I am glad you are in a good financial position to do this for yourself & your family, but no offense, but its apples & oranges comparing CA to NH. California is the ranked 10th in tax burden.... NH is ranked 46th.. Woodsy __________________ The only way to eliminate ignorant behavior is through education. You can't fix stupid.

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