Peterborough, Hillsborough County, New Hampshire Property Taxes

Name: Property Tax Bills Across Peterborough, Hillsborough County, New Hampshire
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Peterborough, NH effective property tax rate: 2.59%, significantly higher than the national median of 1.02%, but lower than the New Hampshire state median of 1.91%.
Median Peterborough, NH home value: $293,200
Median annual Peterborough, NH tax bill: $7,578, $5,178 higher than the national median property tax bill of $2,400.

How are property taxes in Hillsborough calculated?

Property taxes in Peterborough, NH 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 Peterborough’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Peterborough, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Peterborough, Hillsborough County, New Hampshire Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.59%

Estimate Property Tax Bill

$7,594

$7,047

Ownwell’s Peterborough Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Peterborough with just two data points. By entering your property's estimated assessed value, our calculator applies Peterborough’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 precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Hillsborough County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Peterborough, Hillsborough County, New Hampshire

Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each county annually estimates its required budget to provide essential services and divides that by the total assessed value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the core process followed each year.

In Peterborough, located in Hillsborough County, the effective property tax rate is notably higher than the national median of 1.02%. This rate reflects the local government's budgetary needs and the total assessed property value in the area. When comparing Peterborough's tax rate to other cities in New Hampshire and the median rates in the state and the U.S., it becomes evident that property owners in Peterborough face a more substantial tax burden. This comparison highlights the importance of understanding local tax rates, as they can significantly impact property ownership costs.

Property Tax Rates Across Peterborough, Hillsborough County, New Hampshire

Source: Ownwell

0.34%

1.86%

3.39%

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 Peterborough Tax Rate

2.59%

Median Effective Hillsborough County Tax Rate

1.89%

Median Effective New Hampshire Tax Rate

1.91%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Peterborough, Hillsborough County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
03458	2.59%	2.59%	2.59%	2.59%	2.59%

Source: Ownwell

Property Tax Assessment Values Across Peterborough, Hillsborough County, New Hampshire

When examining property taxes in Peterborough, NH, 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 location, property condition, and economic market trends. The Hillsborough County appraisal district 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.

In Hillsborough County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Peterborough. For example, the median home price in Peterborough is $293,200, with tax bills ranging significantly across the county. Zip code 03458 has the highest median home price at $293,200.

Property Tax Assessment Values Across Peterborough, Hillsborough County, New Hampshire

Source: Ownwell

$132,100

$393,850

$655,600

Median Peterborough Market Value

$293,200

Median Hillsborough County Market Value

$355,600

Median New Hampshire Market Value

$299,765

Median United States Market Value

$235,294

Property Tax Assessment Values Across Peterborough, Hillsborough County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
03458	$200,000	$234,200	$293,200	$369,250	$460,244

Source: Ownwell

Property Tax Bills Across Peterborough, Hillsborough County, New Hampshire

In Peterborough, NH, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the property's market value, which is influenced by factors such as location, size, and condition. Homeowners in Peterborough face a median property tax bill of $7,578, notably above the national median of $2,400. The tax bill can vary significantly, with the 25th percentile at $6,056 and the 90th percentile reaching $11,902. Such variations highlight the financial impact on homeowners, making property taxes a substantial part of annual expenses. Ownwell offers a solution for homeowners seeking to reduce these costs. By leveraging expertise in property tax appeals and exemptions, Ownwell can help ensure that homes are assessed fairly, potentially lowering tax bills. This service can be especially beneficial in areas like Peterborough, where property taxes are significantly higher than the national average, offering homeowners a chance to save money and alleviate financial burdens.

Property Tax Bills Across Peterborough, Hillsborough County, New Hampshire

Source: Ownwell

$713

$7,750

$14,787

Median Peterborough Tax Bill

$7,578

Median Hillsborough County Tax Bill

$6,748

Median New Hampshire Tax Bill

$5,895

Median United States Tax Bill

$2,400

Property Tax Bills Across Peterborough, Hillsborough County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
03458	$5,172	$6,056	$7,578	$9,542	$11,902

Source: Ownwell