BroadHopper...
How are you paying less if the house is a multi-family? Your tax is based on what the property asseses for. It doesn't matter to the assessor if its a single or multi-family. The value is determined by comparing against other similar properties. Value X Tax Rate = Tax Bill. I think traditionally multi-family dwellings are less valueable than single family dwellings. This is usually a result of where the multi-family dwelling is located.
As far as MA income tax goes as it relates to older/senior citizens, you still pay the same percentage as everyone else, its just that on average your income is lower, so the dollar amount you pay to the the state is lower. The percentage, currently 5.3% remains constant. Older MA citizens are not getting any tax breaks. Then you have to add on your property taxes in MA and the 5% commission... oops I mean sales tax on just about everything you purchase.
NH isn't perfect, but we are doing something right. We have one of the lowest tax burdens in America. It works!
Woodsy
|