Nashua, New Hampshire Property Taxes
The median property tax rate in Nashua, NH is 1.81%, considerably higher than both the national median of 0.99% and the New Hampshire state median of 1.91%. With the median home value in Nashua, the typical annual property tax bill reaches $6,791, exceeding the national median of $2,690. Property taxes in Nashua are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Nashua's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Nashua or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nashua, New Hampshire Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.91%
Estimate Property Tax Bill
$3,820
Ownwell’s Nashua Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nashua with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nashua to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Nashua, New Hampshire
Property taxes in Nashua, New Hampshire, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nashua is 1.81%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Nashua set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nashua estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Nashua's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03063 zip code has the highest median property tax rate of 1.81%, while the 03060 zip code has the lowest median tax rate of 1.81%. Understanding how these cities compare with Nashua provides valuable insights into the varying tax landscape across Hillsborough County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nashua Tax Rate
1.81%
Average Hillsborough County Tax Rate
1.89%
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nashua, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03060 | 1.81% | 1.81% | 1.81% | 1.81% | 1.81% |
| 03061 | N/A | N/A | N/A | N/A | N/A |
| 03062 | 1.81% | 1.81% | 1.81% | 1.81% | 1.81% |
| 03063 | 1.81% | 1.81% | 1.81% | 1.81% | 1.81% |
| 03064 | 1.81% | 1.81% | 1.81% | 1.81% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Nashua, New Hampshire
In Nashua, New Hampshire, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Hillsborough County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Nashua, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The highest median tax bill in Nashua is $7,036 in the 03064 zip code, while the lowest median tax bill is $6,489 in the 03060 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Nashua, New Hampshire
Source: Ownwell
$132,100
$14,406,050
$28,680,000
Average Nashua Assessed Value
$375,800
Average Hillsborough County Assessed Value
$355,600
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nashua, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03060 | $240,790 | $316,575 | $359,050 | $401,700 | $445,500 |
| 03061 | N/A | N/A | N/A | N/A | N/A |
| 03062 | $171,100 | $307,700 | $387,700 | $468,200 | $596,040 |
| 03063 | $207,000 | $272,900 | $363,100 | $425,200 | $514,940 |
| 03064 | $314,180 | $348,900 | $389,400 | $448,000 | $537,460 |
Source: Ownwell
Property Tax Bills Across Nashua, New Hampshire
In Nashua, Hillsborough County, NH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the city’s assessor and reflects the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual tax bill. For example, with a median home price of $375,800, homeowners can expect varying tax bills. Factors such as property location, size, and improvements can influence the assessed value. In Nashua, the 25th percentile tax bill is $5,676, while the 75th percentile tax bill reaches $7,848. The 90th percentile tax bill can go as high as $9,700. The highest median tax bill is in the 03064 zip code at $7,036, while the lowest is in the 03060 zip code at $6,489. Compared to the national median property tax rate of 0.99%, Nashua's rates can significantly impact homeowners, making it essential to understand how these taxes are calculated and managed.
Average Nashua Tax Bill
$6,791
Average Hillsborough County Tax Bill
$6,748
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across Nashua, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03060 | $4,351 | $5,721 | $6,489 | $7,259 | $8,050 |
| 03061 | N/A | N/A | N/A | N/A | N/A |
| 03062 | $3,092 | $5,560 | $7,007 | $8,460 | $10,771 |
| 03063 | $3,740 | $4,931 | $6,563 | $7,683 | $9,305 |
| 03064 | $5,677 | $6,305 | $7,036 | $8,096 | $9,712 |
Source: Ownwell