When it comes time to decide where to live and raise a family, homes in your first choice community might be out of your price range. Aside from the selling price of the house, the property tax rate could be what tips the scale. If the quality of schools is what attracts you to a city or town that seems unaffordable, there might be another option.
In New Hampshire and across America, regional school districts create an opportunity for towns to pool their resources and provide high-quality education in a more cost-effective way. Operating schools that serve multiple communities helps individual towns save money by sharing the costs of administrative staff, faculty, sports programs and facilities maintenance.
A little bit of research might reveal that your children can attend the high school of your preference, even if you live across town lines. And that could be good news for your budget when purchasing a home.
For instance, the small town of Dunbarton, New Hampshire, has a population of less than 3,000 and cannot financially support its own high school. Instead, students from Dunbarton attend highly ranked Bow High School nearby. The tax rate in Dunbarton is $23.59 per $1,000 of value, compared to $26.29 per $1,000 of assessed property value in Bow.
Families looking for a small town atmosphere and a home somewhat off the beaten path can appreciate what Dunbarton has to offer without sacrificing other important aspects of a community, such as quality education. All at a lower overall cost.