New Hampshire Real Estate Transfer Tax Down 21 percent
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Governments that decided to finance their bloated budgets on the back of real estate taxes are starting to feel the pain. Todays installment, New Hampshire, saw a drop of 32 million dollars in transfer tax revenue as housing slowed.
Now when homeowners in the Granite State start appealing their assessments on their property tax the state will have to start cutting back on the services they added when property values were skyrocketing.
The state real estate transfer tax revenue from January through April shows that the planned $149.6 million in the coffers for the first quarter never materialized.
The actual yield was $117.6 million, down 21 percent of anticipated and down 12 percent from the first quarter of 2006.
New Hampshire’s real estate market sales are off for the first quarter of 2007 with condo sales being particularly dismal compared to last year’s first quarter numbers. via the Union Leader
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Thanks for the clarification. Great stuff!
Tom 
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