New Hampshire variant. This is a New Hampshire-specific version of the Property Tax Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Property Tax Calculator.
New Hampshire's effective property tax rate of 1.93% means the owner of a median $470,000 home pays roughly $9,071 per year - a figure that varies widely by state.
How New Hampshire property tax is calculated
Property tax = assessed value × local millage rate. The 1.93% effective rate shown here is the statewide average of tax paid relative to market value, which smooths over county-by-county differences.
On the $470,000 New Hampshire median home, that works out to about $9,071/year or $756/month - often escrowed into your mortgage payment.
About taxes and housing in New Hampshire
New Hampshire imposes no tax on earned wage income and no general sales tax, though it has historically taxed certain interest and dividend income.
New Hampshire relies heavily on property taxes, with one of the highest effective rates in the nation near 1.9%, and median home values around $470,000.
New Hampshire's economy benefits from its proximity to Boston, with strengths in manufacturing, technology, and cross-border retail spending.
Worked example: tax on a $470,000 home
$470,000 × 1.93% = $9,071 per year. A $500,000 home in New Hampshire would owe about $9,650 annually at the same effective rate.
Quick reference
- State income tax: No income tax on wages (3% on interest/dividends, phasing out)
- State sales tax: 0% (plus 0.00% avg local)
- Median home value: $470,000
- Median household income: $90,845
- Effective property tax rate: 1.93%
- Avg auto insurance: $1,064/yr
Frequently Asked Questions
What is the property tax rate in New Hampshire?
New Hampshire's effective property tax rate averages 1.93% of market value per year.
How much property tax on a $470,000 home in New Hampshire?
About $9,071 per year at the 1.93% effective rate.