[thenipper]

I’ve known folks in NH this has happened too. One of the only real taxes NH has is a property tax so it keeps going up. Folks who’ve owned their place forever suddenly can’t afford it. Most of them are old so they’re on fixed incomes or they’re woodchucks who do odd jobs/labor to get by.

Just for comparison: I live just outside of Boston. My property taxes for my house are roughly the same as my parents in NH. Even though my house is worth 5x as much.

[cozzyd]

It makes sense for property tax totals to be similar if they are used to provide similar services. If everybody's home price suddenly doubled, property tax rates to first order would halve (there are second order effects like needing to pay firefighters more so they can afford to live in the jurisdiction).

[ElevenLathe]

I would bet that, to a first approximation, most municipal taxes go to paying salaries of municipal employees (or contractors' employees), and so the "second order" effects of all those workers needing to live nearby are in fact most of the budget. Sure, higher property values mean the county clerk doesn't use more paper clips, but that kind of thing isn't gonna be most of the budget.