My taxes went from ~$5100 in 2002 when I bought the house to about $6100 this year. The bank and I own my Cape Cod style house of about 1100 sq ft, sitting on 1/4 acre. We have no property tax in NH so its the major source of income for the State. The big debate here is whether to buy in Tax'achusetts where they have real estate, sales, & income tax, or buy in NH where there's only the real estate tax. For me, it was a no brainer.