https://www.fsp.org/understanding-new-h ... q4EALw_wcB
The Granite State’s low tax burden is a result of:
No state sales tax
No broad-based income tax
No capital gains tax
No inheritance or estate taxes
New Hampshire does collect:
Property taxes that vary by town
Auto registration fees
A 9% rooms and meals tax (also on rental cars)
A 5% tax on dividends and interest with a $2,400/$4,800 exemption plus additional exemptions
Taxes on the self-employed above a certain threshold (by 2021, the business profits tax will be 7.5% and the business enterprise tax will be .5%)
New Hampshire Taxes
Re: New Hampshire Taxes
Their property taxes are quite a bit higher but not high enough to offset the lower sales and income tax effect. Also they realize a substantial amount of revenue from booze sales - especially close to the Mass. border and on I 95. I always make a stop anytime I'm heading down from Maine. Also huge revenues from tolls.
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