Today, 04:11 PM
If I recall , NH has no sales tax . That does not mean they spend any less money . I have seen other places with no income tax make it up with sales tax ( Tenn. at 10%) seen places with no income tax make it up with property tax . High property tax is the worst of all . As you get old and spend less and have less income you cannot escape the high property tax but you are escaping most of the others .Any place with no sales tax or income tax will never get rid of property tax . Where I am property tax is limited to 1 percent of assessed value for primary residence , they just get the rest through sales and income .Half of all state income tax and all of property tax collected is used to fund the states free public education where I live , so those taxes will never be cut without cuts to education ( which i support ) . In my state the state spends twice as much per kid per yr ( 10k) as the avg private school ( 5k) . By privatizing education they could eliminate the property tax and cut the income tax in half .