Property Taxes in New Hampshire
The median New Hampshire property tax rate is 1.91%, significantly higher than the national median of 0.99%. The median New Hampshire home value is $299,765, meaning the median New Hampshire property tax bill is $5,895 a year. Compared to the national median annual property tax bill of $2,971, that is much higher. Property taxes in New Hampshire are calculated based on the tax assessed value, which typically falls below the actual market value as a result of property tax exemptions, such as the primary residence or agriculture exemption. Understanding your county's specific property tax system, exploring property tax exemptions, and recognizing opportunities for property tax reductions can lead to significant annual tax savings. Whether you're in Manchester, Nashua, Concord, Portsmouth, or any other New Hampshire locale, familiarizing yourself with the property taxes in your location can benefit homeowners and investors alike.
Last Updated June 14, 2024
New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
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Average Tax Rate
1.91%
Estimate Property Tax Bill
$5,726
Ownwell’s New Hampshire Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in New Hampshire with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in New Hampshire to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a county or city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across New Hampshire
Property taxes in New Hampshire fund essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Hampshire is 1.91% compared to the national median property tax rate of 0.99%. The tax rate is set by local government entities, and it can vary widely between different areas within the state. Each county estimates its required budget to provide services for the upcoming year, and then divides that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, that is the process followed each year. Compare a New Hampshire county’s effective property tax rate to other counties in the state or the US median property tax rate below. Cheshire County has the highest property tax rate in New Hampshire at 2.60%. Carroll County has the lowest property tax rate in New Hampshire at 1.32%.
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Hampshire
| County | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belknap | 1.14% | 1.23% | 1.48% | 1.91% | 2.16% |
| Carroll | 0.48% | 0.64% | 1.32% | 1.83% | 1.95% |
| Cheshire | 1.63% | 2.05% | 2.60% | 3.10% | 3.10% |
| Coos | 1.31% | 1.59% | 2.43% | 2.73% | 2.83% |
| Grafton | 1.06% | 1.78% | 2.30% | 2.49% | 2.73% |
| Hillsborough | 1.74% | 1.81% | 1.89% | 2.07% | 2.37% |
| Merrimack | 1.60% | 2.24% | 2.44% | 2.59% | 2.73% |
| Rockingham | 1.33% | 1.58% | 1.90% | 2.22% | 2.47% |
| Strafford | 1.79% | 1.98% | 2.42% | 2.53% | 2.81% |
| Sullivan | 1.40% | 2.05% | 2.36% | 3.23% | 4.17% |
Source: Ownwell
Property Tax Assessment Values Across New Hampshire
When examining property taxes in New Hampshire, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by factors such as location, property condition, and economic market trends. Market value is estimated by each New Hampshire county assessor for tax purposes. The assessed value is then the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes, or the amount multiplied by your tax rate to get your tax bill. Assessment notices in New Hampshire are sent in the spring each year. They should reach your mailbox typically by the end of April. Each property owner receives an assessment notice that contains both the market value and assessed value along with an estimate of your property tax bill. By providing insights into how assessed values and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in New Hampshire. Rockingham County has the highest median tax bill at $6,989, while Coos County has the lowest median tax bill at $2,848.
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Hampshire
| County | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belknap | $84,100 | $180,400 | $267,900 | $401,600 | $662,755 |
| Carroll | $65,500 | $159,600 | $256,900 | $409,746 | $692,400 |
| Cheshire | $89,194 | $156,800 | $207,690 | $279,015 | $387,100 |
| Coos | $34,400 | $73,500 | $128,700 | $186,700 | $271,989 |
| Grafton | $67,900 | $132,350 | $210,700 | $329,800 | $535,700 |
| Hillsborough | $191,000 | $273,000 | $355,600 | $449,000 | $575,800 |
| Merrimack | $103,200 | $191,100 | $264,400 | $346,600 | $446,300 |
| Rockingham | $166,100 | $276,800 | $373,900 | $486,916 | $662,000 |
| Strafford | $86,100 | $173,800 | $262,600 | $376,300 | $507,900 |
| Sullivan | $68,800 | $118,300 | $185,800 | $291,400 | $433,110 |
Source: Ownwell
Property Tax Bills Across New Hampshire
In New Hampshire, property tax bills are calculated based on the assessed value of a home and the local tax rate. The state has one of the highest median property tax rates in the nation, significantly above the national median of 0.99%. Homeowners in New Hampshire can expect a median home price of $299,765, with tax bills varying widely depending on the county and property value. For instance, homeowners in Rockingham County face the highest median tax bill at $6,989, while those in Coos County encounter the lowest at $2,848. Factors such as the property's assessed value, local tax rates, and any applicable exemptions play crucial roles in determining the final tax bill. Tax bills can range substantially, with the 25th percentile at $3,826 and the 75th percentile reaching $7,970. At the 90th percentile, homeowners could see tax bills as high as $10,581. This variability significantly impacts homeowners, influencing decisions on purchasing and property investments within the state.
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across New Hampshire
| County | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belknap | $1,372 | $2,806 | $4,251 | $6,239 | $9,771 |
| Carroll | $895 | $1,760 | $3,014 | $4,628 | $7,074 |
| Cheshire | $2,154 | $3,882 | $5,311 | $6,940 | $9,128 |
| Coos | $692 | $1,578 | $2,848 | $4,158 | $5,700 |
| Grafton | $1,301 | $2,645 | $4,270 | $6,600 | $10,048 |
| Hillsborough | $3,939 | $5,304 | $6,748 | $8,492 | $10,964 |
| Merrimack | $2,461 | $4,392 | $6,194 | $8,181 | $10,619 |
| Rockingham | $3,158 | $5,238 | $6,989 | $9,022 | $11,394 |
| Strafford | $2,078 | $4,143 | $5,998 | $8,234 | $10,936 |
| Sullivan | $1,908 | $3,362 | $4,808 | $6,454 | $8,762 |
Source: Ownwell
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