Southern NH Equalized Tax Rates

The link below takes you to a site with the property tax rates for all of New Hampshire. It is important to always use the Equalized or Full property tax rate when comparing towns, not the basic taxe rate. The Equalized/Full rate is determined by taking the Equalized/Full Tax rate and multiplying it by the percentage of your homes assessment rate (the home value as determined by the Town accessor).

For an example, let's use some round number just to make the math easy:
If the town basic Tax rate is set at $30.00 per thousand and the home is valued by the Town (your assessment) at $100,000.00, and the assessment ratio is 90%

At $30.00 per thousand, it would be $30 X 90% = $27.00 per thousand for your property tax. This home would receive a yearly property tax bill of $2700.00

Sounding like a math quiz yet? If this makes no sense or bores you silly simply look at the link below and Focus on the last two columns for "200 Full Tax Rate" and ranking.

Property prices from town to town naturally tend to follow the tax rate wherein a town with very high taxes have property prices that are somewhat adjusted for the high taxes. I always recommend that buyers determine what towns they are interested in based upon commute, lifestyle, schools and other information that matters to them and then judge each home on its value taking the taxes on it into consideration. If you eliminate an entire town because of taxes you may limit your options in this tight Real Estate Market and miss a great deal because everyone else is avoiding the town.

Also, be aware that the entire Property Tax system currently used in New Hampshire is constantly changing. Watch the newspapers as this situation changes daily. I will post the 2001 data when it is available.