Maybe you already live along the Seacoast and want to move to another town, or perhaps you are new to the Seacoast all together and are looking to find a town that fits your needs - whatever the case may be, property taxes should be a consideration in your decision making process.
New Hampshire is known for its high property tax rates - I guess that's the price you pay to live in a state that doesn't have any income or sales tax. It's a seemingly fair trade that many families are happy to make, but it's important to know how your property taxes will impact your monthly mortgage bill. For example, if you are looking to move from Rye to Exeter and buy the same size house for the same price, you may expect the same size mortgage payment - but if that's your thought, you'd be mistaken. Rye has one of the "lowest" tax rates in the Seacoast at $10.09 (2017) and Exeter has one of the highest at $26.77 (2017). If your home is valued at $500,000 that could be the difference of approximately $8,340 annually, or $695 on your monthly mortgage payment. That's like adding two (very nice) car payments to your monthly expenses just for moving a few miles south along the Seacoast. It might be worth it - Exeter is a beautiful town and has a lot to offer its residents - that's for you to decide, but the important thing is that you understand what you are getting into.
Now, most jumps in tax rates from Seacoast town to Seacoast town are not as drastic, but the difference between Rye and Exeter proves the point that as long as you're living along the New Hampshire Seacoast, property taxes should always be a topic of discussion before committing to a new home.
Soon the 2018 property tax rates will be published on New Hampshire's Department of revenue website (some towns have already being posted) and it will interesting to see how the rates move from last year to this year - I'll do another post in the new year recapping the results.
If you have any questions about a specific town's property tax rates, I'd be happy to direct you to some more information.