How NEW HAMPSHIRE Taxes Retirees 

Great info but the reading of info is irritating unless you read it in advance to prepare.

Property tax is based on whare you live it's not equal at all. My property assessed at $220,000 my taxes are $7,800. Big difference town by town in NH. Quality of life is worth it.

I live in Tennessee oh, and I absolutely hate hate hate hate how much focus is put on income tax! For most Americans income tax whether it be the state income tax or the federal income tax is one of their lowest taxes! Payroll taxes on the other hand are something you can't avoid no matter what state you live in. The only way to avoid payroll taxes is by changing how you earn money, but that's a different subject. Getting back to what I said about income taxes, too much focus is placed on income tax. In most areas of the United States property tax sales tax, excise tax, toll roads and bridges, government fees and fines, are way more important than income tax. Then you have how everyone completely overlooks the cost of living! Alaska for example has no personal income tax and no Statewide sales tax and even though Alaska's property taxes are not the highest in the nation it's cost of living is among the highest in the nation! It doesn't matter if I'm not paying any income tax if I'm paying three times more for my regular goods and services. I have seen so many people do this including my own brother. I advocated to him at one time to pay off his mortgage, and told him that I was doing the same. He thought I was foolish because my mortgage interest is tax deductible and I could be saving that money in a retirement account and earning possibly 10% interest. What he failed to realize was the interest on my house accounted for less than $4,000 a year hardly enough to itemize and mutual funds however more secure than picking stocks individually still have downside risk whereas owning a property outright means I have an asset that is less likely to depreciate. The tax advantages of paying the bank a dollar in order to save $0.15 in taxes was absolutely crazy to me! At the time my wife and I were in the 15% tax bracket. It is also important to note that each person's situation and lifestyle is different.

I agree with most commenters here: it is a great state to live in. However, and it's a big one, the issue I see with retirees moving here is that it doesn't exactly promote or encourage younger people to live and work here...and it taxes the already limited workforce we do have.. We have a very high senior population here already, and we don't have enough workers as is. We can't keep our nursing homes staffed and open--we may have no elder care services available within 5 years. The property taxes cover some school budgets, but even there-- our schools are not funded well, they aren't excellent, and we have no staff to work in SAU positions here.. It's just sad, that although NH is a great place to raise a family, many families can't subsist on two incomes and we are basically forfeiting our future social security so that older people can move here and retire comfortably. In southwestern NH where I live, our rental vacancy rate is under 1%. (A healthy rental vacancy rate is about 6%) and affording a home or land is out of the question. Edit: YT or this channel crossed out a portion of my comment. The strike out above is not my own.

I was Born in whitefield NH

Tax rates differ greatly by NH county and town and can be as low as $5-$7 for every $1000 of property value. If you live in southern NH you’d pay around $20-$25 to the $1k in property value.

Wouldn’t renting an apartment be better if retiring to New Hampshire? Seems like a no-brainer?

This was a really informative video. I spent a week skiing at Sunapee this winter and am now looking into NH for retirement. Thanks.

PROPERTY TAX AND ROOM AND MEAL SALES TAX!

So if you were a saver NH is terrible on dividends and interest!!