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In a landmark move, the state of New Hampshire has introduced a tax reform bill aimed at lowering property taxes for residents. The bill, which was passed by the state legislature with overwhelming bipartisan support, is set to provide much-needed relief to homeowners and businesses struggling with high property tax rates.Under the new tax reform bill, property tax rates will be gradually reduced over the next five years, with the goal of bringing them in line with national averages. This will come as welcome news to many New Hampshire residents, who have long complained about the burden of high property taxes in the state.In addition to lowering property taxes, the bill also includes provisions to increase funding for education and infrastructure projects. This has been seen as a key priority for lawmakers, who are keen to ensure that the benefits of the tax reform bill are felt across all sectors of society.Governor Sarah Collins, who has been a vocal supporter of the tax reform bill, hailed its passage as a historic moment for New Hampshire. "This bill represents a major step forward in our efforts to create a more equitable and sustainable tax system," she said in a statement.The tax reform bill has not been without its critics, however. Some lawmakers have raised concerns about the potential impact on state revenue and the ability to fund essential services. Others have argued that the bill does not go far enough in addressing other key areas of the tax code that could also benefit from reform.Despite these concerns, the overwhelming support for the tax reform bill in the legislature suggests that it is likely to be implemented without major changes. Residents across New Hampshire can look forward to lower property taxes in the coming years, thanks to this bold step towards a fairer and more efficient tax system.