2024 New Hampshire Property Tax Rates and How to Calculate Your Tax Bill

How are Property Tax Bills Calculated in New Hampshire?

New Hampshire property tax bills are calculated using a pretty standard formula, and the revenue is allotted to different bugetary needs. Here is a quick overview:

Assessed Property Value × Total Tax Rate = Property Tax Bill

1. Assessed Property Value

Every property in New Hampshire is assessed (valued) by the local municipality, typically annually or at regular intervals.

The assessed value should reflect the fair market value of the property.

If the owner thinks the assessment is too high, it can be appealed.

2. Tax Rate (per $1,000 of assessed value)

Expressed in dollars per $1,000 of assessed value (e.g., $32 per $1,000).

The tax rate is made up of several components:

• Municipal rate – for town or city services
• County rate – for county services
• Local school rate – for your local school district
• State education rate – for the state’s contribution to education funding

These are added together to get the total tax rate.

A Tax Bill Example

Your property is assessed at $350,000

Your municipality's total tax rate is $32.00 per $1,000

Therefore:

$350,000 ÷ 1,000 = 300
300 × $32.00 = $11,200

So, the annual tax bill would be $11,200.