Upper Valley Area FAQ’s
Relocating to Lebanon NH, Hanover NH, Norwich VT, Hartford VT or another town in the Upper Valley? Learn about the Upper Valley Areas FAQ’s.
- What is the Upper Valley? The Upper Valley is comprised of several towns in Vermont and New Hampshire. In New Hampshire, towns include Hanover, Lebanon, Enfield, Canaan, Grantham, Sunapee, Lyme, and Orford. In Vermont, towns include Norwich, Hartford, Hartland, Thetford, and Strafford.
- What are the tax differences between VT and NH? The biggest tax difference between the two states is that NH does not have an income tax and VT does (VT tax calculator). However, there are other tax differences between the two states and much will depend on your particular circumstances. Housings Solutions recommends that you contact a tax professional to address your specific questions and concerns.
- If work in NH but live in VT, what state taxes will I pay? If you work in NH but live in VT, you will pay VT state income taxes (and, no income tax in NH because there is no income tax).
- If work in VT but live in NH, what state taxes will I pay? If you work in VT but live in NH, you will pay VT state income taxes (and, no income tax in NH because there is no income tax).
- What are the primary and secondary educational opportunities in the Upper Valley? Here are some of the options available in the area: Preschool/Afterschool, K-12, Hanover Sending Districts. For more detailed information, please consult: NH Dept of Education and/or VT Dept of Education.
- Are there sales taxes in NH? NH does not have a general sales tax BUT there are taxes that apply to certain circumstances. For a better understanding of NH tax laws, please refer to the NH government website.
- Are there sales taxes in VT? The general sales tax rate (6% in 2015) is imposed on the buyer on the purchase price of tangible personal property, amusement charges, fabrication charges, and some public utility charges. There are 46 exemptions from the tax which include medical items, food, manufacturing machinery, equipment and fuel, residential fuel and electricity, clothing and shoes. The Use Tax is imposed on the buyer at the same rate (6%) as the sales tax. The buyer pays the Use Tax when the sellers fail to collect the sales tax or the items are purchased from a source where no tax is collected. The Use Tax applies to items taxable under the Sales Tax. (This information was taken directly from the VT government website. Please refer to it for further explanation.)
- And, a few fun facts, courtesy of NBC News:
The above information was compiled and developed by Housing Solutions Real Estate, LLC as a courtesy to its clients and should not be construed as legal or professional tax advice. Please consult legal counsel or a tax professional for further explanation of the above.