Recently I was showing buyers property in several Rockingham County towns. We looked at Londonderry, Derry, Windham and Salem. Tax rates varied from town to town and my clients inquired why.
I explained that in many (not all) cases, that property values had an inverse relationship to tax rates. Another words, higher priced towns have the lowest tax rate and vice versa. If you are looking at solely “affordability”, the tax rate is the great equalizer. You may pay less for a house in a lower priced towns, but your overall payment (mortgage, interest, taxes and insurance) may be the same (lower mortage, but higher taxes). Soooooooooooooo, when looking at prices in different towns, consider the taxes.
If you have any real estate related questions, do not hesitate to us via email: jack@LavoieRealtyGroup.com or visit our website at www.LavoieRealtyGroup.com
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