Is this idea for owning a second home on Winnipesaukee crazy?

moose tracks · 05-21-2017, 09:06 AM

I don't know if you live in New Hampshire or if you are out of state but you should consider the taxes you will pay on a camp. New Hampshire doesn’t have sales tax or state income taxes. They do tax interest and dividends. Therefore they need high property taxes to support the state and towns. If you live and work in the state it is not bad because your overall tax burden is some of the lowest in the nation. If you are a resident in another state you pay the price. For lake side properties and properties with views the property taxes are even higher. The Tax Foundation found that homeowners in these states paid the most in property taxes:
1. New Jersey
2. Illinois
3. New Hampshire
4. Connecticut
5. Wisconsin

05-21-2017, 09:06 AM	#6
moose tracks Senior Member Join Date: Feb 2007 Location: Loudon, Tennessee, foothills of the Great Smoky Mountains Posts: 283 Thanks: 340 Thanked 41 Times in 33 Posts	I don't know if you live in New Hampshire or if you are out of state but you should consider the taxes you will pay on a camp. New Hampshire doesn’t have sales tax or state income taxes. They do tax interest and dividends. Therefore they need high property taxes to support the state and towns. If you live and work in the state it is not bad because your overall tax burden is some of the lowest in the nation. If you are a resident in another state you pay the price. For lake side properties and properties with views the property taxes are even higher. The Tax Foundation found that homeowners in these states paid the most in property taxes: 1. New Jersey 2. Illinois 3. New Hampshire 4. Connecticut 5. Wisconsin __________________ Moose Tracks