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Old 11-21-2005, 05:39 PM   #34
BroadHopper
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Exclamation Reliance on property tax

I think we are going to see a lot of 'baby boomers' retiring. Many of the seasonal residents will see a drop on personal income tax with the property tax on the permenent residence staying the same. In NH they won't see this opportunity. A second home will be prohibitive. They will either sell the NH property to escape high taxes or move here permanently to save on taxes.
I have witness one lakefront property in Conn valued almost a million dollars having almost a third less property tax than a comparable property on lake Winnipesaukee. It would make since to stay in Conn. when retiring.
Looks like when the baby boomers retire to NH, the politcal climate will look more toward a state income tax to lower the burden on the property tax.
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