I know of no place without a property tax. The debate is Sales Tax vs Income Tax.
I am not sure it is true but someone told me that Panama City Beach has no property tax.
Versus neither.
NH has prospered for decades without either.
“I know of no place without a property tax. “
There is no private ownership of property in the U.S. I can’t figure out why people don’t realize this (not directed at you).
I live in NH. I am glad we do not have an income tax.
However, a sales tax is more fair because then everyone pays, not just people who get a W2.
I personally pay around $8400 in property taxes on my residence. There are towns in NH that have a much lower tax rate. Tuftonboro, Moultonboro, Sunapee, Wolfeboro. These are all towns surrounding the big lakes where the water front houses pay the majority of the taxes. IF you do not own a lakefront house in these towns, the taxes are under $4000. When you combine this with no sales and income taxes, it makes these townships literally the lowest tax burden places in the USA.
Alaska. No property,sales or income tax at the state level.
No because property tax rates vary by state. The only true comparison is when overall tax burden is compared.
I also don't know of any place with NO property tax, but... the differences between states can be huge.
I'm from Texas, and used to be very proud that we had no Income Tax. But, I later moved to La and now Ky, where the Income taxes are fairly high, but property taxes are quite low, by comparison.
I have come to particularly hate property taxes. They force me to come up with cash, just because I own property that is not generating cash (Ie: my home). I prefer LOW taxes, in general... but, if I have to pay it, I'd rather share a % of the cash I have coming to me, or a % of what I spend.