For an example, let's use some round number just to make the math easy:
If the town Full Tax rate is set at $30.00 per thousand and the home is valued by the Town (your assessment) at $100,000.00, and the assessment ratio is 90%
At $30.00 per thousand, it would be $30 X 90% = $27.00 per thousand for your property tax. This home would receive a yearly property tax bill of $2700.00
Sounding like a math quiz yet? If this makes no sense or bores you silly simply call me and I'll figure it out for you.
Property prices from town to town naturally tend to follow the tax rate wherein a town with very high taxes have property prices that are somewhat adjusted for the high taxes. I always recommend that buyers determine what towns they are interested in based upon commute, lifestyle, schools and other information that matters to them and then judge each home on its value taking the taxes on it into consideration. If you eliminate an entire town because of taxes you may limit your options in this tight Real Estate Market. In the end, call the towns that you are interested in directly before making any decisions
Below are two links to state government sites with tax information. These links will open a new page. If you have a pop up blocker simply right click the link and select "open in new window" from the menu that appears.Before clicking on the links below PLEASE take the time to read the info above or you may draw the wrong conclusions from the state web sites. Trust me on this!
New Hampshire Community Profiles Useful site with lots of info not only on taxes but also demographic info such as incomes, populations, businesses etc.The tax data seems to always be 2 years old though.
<State Dept of Revenue Tax Data. This site is as up to date as you can find short of calling each town hall. New tax rates are set by most towns in the spring and this site usually gets updated in the summer. The site changes frequently so be sure to note whether they are presenting equalized data or not.
By John R. Fisher