New Hampshire (NH) property tax rate: 1.93% | Median home: $445,000 | Median annual tax: $8,589
New Hampshire is a Live Free or Die state with no income or sales tax. The average effective property tax rate in New Hampshire is 1.93%, which is above the national average of 1.1%.
On the median New Hampshire home valued at $445,000, annual property taxes come to approximately $8,589 or $716/month. This is a significant part of your total housing cost and should be factored into any home purchase budget.
Pro tip: New Hampshire has high property taxes but zero income and sales tax — weigh total burden.
New Hampshire has no state income tax, which means property taxes are one of the primary revenue sources for local governments. While the property tax rate may seem high, the lack of income tax often makes the overall tax burden competitive.
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New Hampshire has an average effective property tax rate of 1.93%. On the median home value of $445,000, that equals approximately $8,589 per year or $716 per month.
Property taxes in New Hampshire are calculated by multiplying your home assessed value by the local tax rate. The assessed value may differ from market value depending on your county assessment ratio. Exemptions like homestead exemptions can reduce your taxable value.
New Hampshire has high property taxes but zero income and sales tax — weigh total burden.
New Hampshire property taxes are above the national average of 1.1%. Budget carefully for this significant expense when buying a home here.
Property tax due dates vary by county in New Hampshire. Most counties offer semi-annual payments. Check with your county tax assessor office for specific due dates. Late payments typically incur penalties of 1-2% per month.