New Hampshire Taxes
Quick Tax Facts
Income Tax: 0%
State Sales Tax: 0%
Median Property Tax: $4,636
Overview
New Hampshire is a great place to raise a family. It has some of the best schools in the country, both public and private, and a low crime rate. The natural beauty of the state is also a big draw. Another perk to living in the state – no income or sales taxes! Unfortunately, the state does need to pay for services which has resulted in residents paying some of the highest property taxes in the country.
New Hampshire Income Tax
New Hampshire does not have a personal income tax. Although there are no personal income taxes levied, interest and dividends are taxed (5%). By 2027, however, this will be removed.
New Hampshire Sales Tax
New Hampshire is one of the few states that does not levy sales tax at the state or local level.
New Hampshire Property Taxes
Since New Hampshire does not impose personal income or sales taxes, its property taxes are very high. Property tax is based on the assessed value of the property, which is calculated by the town assessor. The money generated from property taxes funds statewide education, county services, city emergency services, and other expenses.
The median property tax paid in New Hampshire is $4,636 (based on a home value of $249,700). Rockingham County has the highest property tax at an average of $5,344. The lowest amount is $2,582 in Carroll County.
| Highest | $5344 |
|---|---|
| Median | $4636 |
| Lowest | $2582 |
Yearly Cost Per Resident
New Hampshire Tax Holidays
There are no tax holidays in New Hampshire.
New Hampshire Tax Resources
If you have questions regarding taxes in New Hampshire, visit the New Hampshire Department of Revenue website for additional resources.
