Property Taxes in New Hampshire
Median New Hampshire property tax rate: 1.91%, significantly higher than the national median of 1.02%. Median New Hampshire home value: $299,765. Median annual New Hampshire tax bill: $5,895, $3,495 higher than the national median property tax bill of $2,400. How are property taxes in New Hampshire calculated? Property taxes in New Hampshire are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption. Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you are in New Hampshire, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.91%
Estimate Property Tax Bill
$5,726
$5,313
Ownwell’s New Hampshire Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in New Hampshire with just two data points. By entering your property's estimated assessed value, our calculator applies New Hampshire's median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing homeownership costs in New Hampshire. For those interested in more localized information, please scroll down to explore county and city-level trends!
Property Tax Rates Across New Hampshire
Local government entities in New Hampshire set tax rates, which can vary widely within the state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its 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, this is the annual process. Below, you can compare a New Hampshire county’s effective property tax rate to other counties in New Hampshire or the U.S. median property tax rate. For instance, Cheshire County has the highest effective property tax rate in New Hampshire, at 2.60%, while Carroll County has the lowest, at 1.32%.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective New Hampshire Tax Rate
1.91%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective United States Tax Rate
1.02%
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
Understanding the distinction between "market value" and "assessed value" is crucial when examining property taxes in New Hampshire. The market value is what a willing buyer would pay to a willing seller in an open and competitive market. Location, property condition, and economic market trends often influence it. Each New Hampshire county assessor estimates the market value for tax purposes. The assessed value is 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, assessment notices are sent in the spring each year. They’ll typically reach your mailbox 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 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. For example, Rockingham County has the highest median home price at $373,900.
Median New Hampshire Market Value
$299,765
Median United States Market Value
$235,294
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, which is determined by local assessors. These assessors evaluate various factors, including the property's location, size, and condition. Homeowners in New Hampshire face a median property tax bill significantly higher than the national median, with Rockingham County having the highest median tax bill at $6,989. Conversely, Coos County offers some relief with the lowest median tax bill at $2,848. The tax bill can range widely, with the 25th percentile at $3,826 and the 90th percentile reaching $10,581. This variability impacts homeowners' financial planning, as property taxes can constitute a substantial annual expense.
Median New Hampshire Tax Bill
$5,895
Median United States Tax Bill
$2,400
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