luxury tax for out-of-staters

fatlazyless · 12-14-2006, 03:06 AM

Let me see here....in the past three years my 1/4acre Winnipesaukee lot, with 60' of waterfront and a 50 year old, 2x4" wood frame, two bed, cottage has had its' Meredith property taxes go from $2800. up to $10,000./year.

If, just for discussion purposes, my property tax was replaced with a 3.33% income tax, I would have to be making $300,000./year in order to get hit with the same $10,000. yearly tax bill! Unfortunately for me, I do not make 300k/year.

And our property tax system is what the NH Republicans say is 'The New Hampshire Advantage.' What's the advantage for me? Is it one for you?

12-14-2006, 03:06 AM	#11
fatlazyless Senior Member Join Date: Apr 2004 Posts: 8,935 Blog Entries: 1 Thanks: 307 Thanked 1,056 Times in 769 Posts	....what New Hampshire Advantage? Let me see here....in the past three years my 1/4acre Winnipesaukee lot, with 60' of waterfront and a 50 year old, 2x4" wood frame, two bed, cottage has had its' Meredith property taxes go from $2800. up to $10,000./year. If, just for discussion purposes, my property tax was replaced with a 3.33% income tax, I would have to be making $300,000./year in order to get hit with the same $10,000. yearly tax bill! Unfortunately for me, I do not make 300k/year. And our property tax system is what the NH Republicans say is 'The New Hampshire Advantage.' What's the advantage for me? Is it one for you?