Property Taxes in New Hampshire
New Hampshire's effective property tax rate is 1.41%, ranking #45 out of 50 states (1 = lowest). The median annual property tax paid is $6,097.
New Hampshire has some of the highest property tax rates in the nation because property taxes are the primary funding mechanism for all local services — the state has no income tax (on wages) and no sales tax. This creates enormous variation between towns, with some charging under $15 per $1,000 of assessed value while others charge over $30 per $1,000. The school district portion of the tax bill is typically the largest component. New Hampshire does not offer a general homestead exemption, though municipalities may offer optional elderly exemptions and veteran credits.
By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Tax Foundation, U.S. Census
Tax Rate
1.41%
Median Annual Tax
$6,097
National Rank
#45 of 50
1 = lowest
Homestead Exemption
Yes
Annual Property Tax by Home Price
| Home Price | Annual Tax | Monthly |
|---|---|---|
| $200,000 | $2,820 | $235 |
| $300,000 | $4,230 | $353 |
| $400,000 | $5,640 | $470 |
| $500,000 | $7,050 | $588 |
| $750,000 | $10,575 | $881 |
* Based on the average effective rate of 1.41%. Actual rates vary by county and municipality.
Homestead Exemption in New Hampshire
Up to $120,000
File for the homestead exemption after purchasing your primary residence in New Hampshire to reduce your assessed property value, lowering your annual tax bill. Contact your county assessor's office for the application.
How New Hampshire Compares
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