New Hampshire's Land Tax

New Hampshire does not have a state income tax or sales tax, which makes its tax system unique. Instead, the state primarily relies on property taxes, including what some refer to as a "land tax." This means that the value of land and property determines how much tax owners pay. The tax funds local services like education, roads, and public safety. New Hampshire's approach emphasizes property ownership and local governance, leading to higher property taxes compared to states that employ broader tax bases. Thus, property tax revenue is crucial for funding essential community services.