Depends on your situation, but in some cases as I will show NH is the worst place to live for tax purposes.
NH: No income tax, No sales tax, 20 mil homeowner tax (I know parts in NH are higher but it makes the point)
VA: 5.75% income tax and 4.6% sale tax (county dependent), 6 mil homeowner tax
FL: no income tax, 6% sales tax, less then 14 mil effective homeowner tax (valuations are typically 20% or more off the market value in many counties), there is also a $25,000 homestead exemption.
Assumptions $500,000 home, $2000 consumption a month (food etc. sales taxes apply)/ $24,000 a year. Social Security is not taxed by any state mentioned here.
Case #1... a retired couple on fixed SS income (average for a couple in the US is $2600 per month or $31,200) and $5000 a year on interest and dividend income (a highly likely possibility for a retired couple)
NH: RE tax $10,000, Income tax 400 as NH has dividend and interest tax Total $10400
VA: RE tax $3000, Income tax 287.50, sales tax 1104 Total $ 4391.50
FL: RE tax $6650, income tax 0, sales tax 1440 Total $8090, this would be less as FL give you a 4% discount on paying your RE taxes early.
Case #2 An investor with an income of $500,000 and passive rental income of $100,000 and Interest and Dividends of $20,000. We will assume all income is generated in the home state.
NH: RE tax $10,000 income tax $5600 Total $15,600
VA: RE tax $3000, income tax $34,500 (about $20,000 before you meet threshold), sales tax $1104 Total $38,604
FL: RE tax $6650, income tax 0, sales tax $1440 Total $8090
As you can see for a typical retired person and for an investor, NH is the most expensive place to live and do business in.
furthermore, I would like to argue that New Hamphire should be ranked lower then Florida in economic freedom. NH is not a true income tax free state and in fact one of the highest taxes in the nation on passive, interest and dividend income. NH has a lot more business regulation then Florida per the article posted on the home page. And perhaps one of the most important issues is civil forfeiture law as NH is rated one of the worse in the nation by one article a D-, where FL is slight better with the burden of proof on the government (unlike NH).
this write up is not to imply that NH is not the best place to live, just to show that in certain economic situations it is not the lowest tax state for some individuals.