New Hampshire Property Tax Calculator – New Hampshire property taxes fund schools, roads, and emergency services. The median annual payment is $6,342, far above the national median of $3,057, with an effective rate of 1.86%, third-highest in the U.S. Taxes are based on assessed value (typically 100% of market value), multiplied by local tax rates, varying by municipality. The state’s lack of income and sales taxes increases reliance on property taxes.
How Property Taxes Are Calculated
New Hampshire property taxes are calculated as:
[ \text{Taxes} = \text{Assessed Value} \times \left( \text{Tax Rate} \div 1,000 \right) ]
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Assessed Value: Typically 100% of market value, set by municipal assessors every five years or annually in some towns.
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Tax Rate: Set by municipalities, expressed in dollars per $1,000 of assessed value, varying widely (e.g., $37.21 in Claremont, $10.80 in New Castle).
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Exemptions/Credits: Veterans, elderly, blind, disabled exemptions, and Low/Moderate Income Relief reduce taxes.
Example:
$300,000 home in Rockingham County ($20.04 per $1,000):
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Assessed Value = $300,000
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Taxes = $300,000 × (20.04 ÷ 1,000) = $6,012
Taxes are due in two installments, typically July 1 and December 1.
New Hampshire Property Tax Calculator
A New Hampshire property tax calculator estimates taxes based on assessed value and local rates. Tools include:
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SmartAsset’s Calculator
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NH DRA Property Tax Rate Reports
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Municipal sites (e.g., Manchester, Concord)
Using a New Hampshire Property Tax Calculator
To use SmartAsset’s calculator:
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Visit the calculator.
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Input county/town for the tax rate.
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Enter market value; indicate exemptions.
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Review estimated tax.
For municipal tools, check town websites for rates or parcel data.
Example:
$300,000 home in Rockingham County (1.65%):
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Tax = $300,000 × 0.0165 = $4,950
Factors Influencing New Hampshire Property Tax
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Assessed Value: 100% of market value, reappraised every five years or annually.
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Tax Rates:
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Rockingham: 1.65%
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Hillsborough: 2.13%
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Sullivan: 2.79% (highest)
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Coos: 1.46% (lowest)
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Exemptions/Credits:
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Veterans: $750 or full exemption (disabled).
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Elderly: Income-based, age 65+.
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Blind/Disabled: Specific exemptions.
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Low/Moderate Income Relief: Up to $420 credit.
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Location: Rates vary by town (e.g., Claremont vs. New Castle).
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Improvements: Increase assessed value.
County Rates:
County |
Median Home Value |
Median Annual Tax |
Effective Rate |
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Rockingham |
$444,800 | $7,346 | 1.65% |
Hillsborough |
$395,500 | $8,416 | 2.13% |
Merrimack |
$353,300 | $7,412 | 2.10% |
Sullivan |
$247,100 | $6,885 | 2.79% |
Coos |
$170,300 | $2,492 | 1.46% |
Tips to Lower Your New Hampshire Property Tax
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Exemptions/Credits:
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Veterans/Elderly/Blind/Disabled: Apply with town assessor.
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Low/Moderate Income Relief: File Form DP-8 by June 30.
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Appeal Assessments: File by April 1 with evidence (e.g., comparable sales).
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Monitor Rates: Check town budgets/rates annually.
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Consult Experts: Tax advisors for savings.
Resources for New Hampshire Homeowners
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NH DRA: Policies, forms.
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SmartAsset: Calculator.
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Municipal Sites:
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Manchester
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Concord
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Tax-Rates.org: Estimator.
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NH Property Tax Rates: Town rates.
Take Control of Your New Hampshire Property Taxes
Using SmartAsset’s calculator, estimate your taxes easily. Leverage exemptions, credits, appeals, and stay informed to manage your bill. Start with a trusted New Hampshire property tax calculator today.