Home buyer: when buying a new home in New Hampshire how do I find out what my real estate taxes will be.
For any home for sale in the MLS, the listing sheet should show the property taxes for the last year. In lack of that, here is a partial table of property tax rates for real estate in Southern NH in 2006.
| Name of Town Educ | | Town | Local Edu | State Edu | County | Total | |
| Municipality | Town Valuation | Tax | Tax | Tax | Tax | Tax | Commitment |
| | | | | | | |
| ATKINSON | 1,015,437,294 | 1.94 | 8.68 | 2.32 | 0.86 | 13.8 | 13,894,342 |
| AUBURN | 669,128,033 | 1.47 | 8.7 | 2.24 | 0.89 | 13.3 | 8,792,932 |
| BEDFORD | 3,085,197,931 | 2.85 | 9.92 | 2.49 | 1.08 | 16.34 | 50,222,892 |
| DERRY | 2,951,488,988 | 7.5 | 11.32 | 2.41 | 0.93 | 22.16 | 65,044,055 |
| HUDSON | 2,501,101,352 | 4.74 | 8.67 | 2.67 | 1.14 | 17.22 | 42,546,325 |
| LITCHFIELD | 928,983,841 | 2.06 | 10.36 | 1.98 | 0.88 | 15.28 | 14,057,133 |
| LONDONDERRY | 3,267,784,875 | 4.44 | 10.55 | 2.43 | 0.86 | 18.28 | 58,473,104 |
| MANCHESTER | 9,589,899,446 | 7.96 | 5.36 | 2.48 | 1.05 | 16.85 | 160,008,671 |
| PELHAM | 1,691,942,238 | 3.24 | 7.74 | 2.08 | 0.93 | 13.99 | 23,377,812 |
| SALEM | 4,535,064,151 | 4.35 | 5.07 | 2.32 | 0.88 | 12.62 | 56,420,780 |
| WINDHAM | 2,164,454,970 | 2.95 | 9.26 | 2.28 | 0.86 | 15.35 | 33,096,424 |
The complete document can be accessed here: http://www.nh.gov/revenue/property_tax/2006/2006tax_rates.rtf
A conservative estimate would be to multiply the “Total Tax” rate by the purchase price in thousands. For example, in Hudson the total tax rate is $17.22/thousands for 2006. Yearly property taxes for a property assessed at $300,000 would be estimated at $5,166 or $430.50 per month. Actual assessment values may vary.
Buying or selling a home is a complex financial transaction. Taxes may play a significant role in determining whether you can afford a certain home. Use the financial calculator here to determine your total monthly payments including mortgage principal and interest, taxes and home insurance.
Try not to base the selection of your future home and town on property taxes alone. Tax rates change yearly and are affected by unforeseen developments, town expenditures, commercial activity and general business conditions.
Do not fall into the typical 1st time home buyers trap: do not overextend yourself. Secret to buying your first home and staying happy in it: buy a home that you can easily afford and does not stretch your finances.
New home buying tip:
A new construction home might have been assessed at land value only; to get a realistic property tax amount check with the town assessor’s office.