Amherst, Hillsborough County, New Hampshire Property Taxes
Property Taxes in Amherst, New Hampshire
Median Amherst, New Hampshire effective property tax rate: 2.29%, significantly higher than the national median of 1.02%, and higher than the New Hampshire state median of 1.82%.
Median Amherst, New Hampshire home value: $440,800
Median annual Amherst, New Hampshire tax bill: $10,105, $7,705 higher than the national median property tax bill of $2,400.
How are property taxes in Hillsborough calculated?
Property taxes in Amherst, New Hampshire are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Amherst's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Amherst, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Amherst, Hillsborough County, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.29%
Estimate Property Tax Bill
$10,094
$9,367
How Does the Amherst Property Tax Calculator Work?
Use this Amherst property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Amherst's median effective tax rate of 2.29% — based on actual property records in Hillsborough County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Amherst's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Amherst: rates range from 10105.00 in 03031 to 10105.00 in 03031, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Amherst.
About Amherst Property Taxes
About Property Taxes in Amherst, Hillsborough, NH
Amherst’s median effective property tax rate of 2.29% is higher than the New Hampshire state median of 1.82% and higher than the national median of 1.02%. This rate reflects the Hillsborough County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Amherst. Homeowners in the 03031 ZIP code carry a median effective rate of 2.29%, while those in the lowest ZIP also pay 2.29%. This spread reflects how school district boundaries and local assessment districts are drawn across Hillsborough County. Understanding which part of Amherst you live in can make a meaningful difference to your annual tax bill.
Amherst homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the September 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Amherst, Hillsborough County, New Hampshire
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Amherst's effective property tax rate to other cities in New Hampshire and the median property tax rates in New Hampshire and the U.S.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Amherst Tax Rate
2.29%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Hillsborough County Tax Rate
1.96%
Median Effective New Hampshire Tax Rate
1.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Amherst, Hillsborough County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03031 | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% |
Source: Ownwell
Property Tax Assessment Values Across Amherst, Hillsborough County, New Hampshire
When examining property taxes in Amherst, New Hampshire, understanding the distinction between market value and assessed value is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Hillsborough County assessor estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices are sent in the spring each year and typically reach your mailbox by the middle of the month. Each property owner receives a notice that contains both the market value and assessed value, along with an estimate of your property tax bill.
For example, the median home price in Amherst is $440,800, with a median tax bill of $10,105. Tax bills range across the county, and ZIP code 03031 has both the highest median home price and the highest median tax bill at $440,800 and $10,105.
Property Tax Assessment Values Across Amherst, Hillsborough County, New Hampshire
Source: Ownwell
$165,050
$411,500
$657,950
Median Amherst Market Value
$440,800
Median Hillsborough County Market Value
$366,900
Median New Hampshire Market Value
$360,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Amherst, Hillsborough County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03031 | $295,420 | $363,350 | $440,800 | $533,350 | $669,100 |
Source: Ownwell
Property Tax Bills Across Amherst, Hillsborough County, New Hampshire
Property tax bills in Amherst are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. That means the bill depends on how much the home is worth, along with the tax rate set by local taxing authorities. For homeowners, this can lead to very different bills even among similar homes if their assessed values differ.
With a median home price of $440,800, property taxes in Amherst are notably higher than the national median property tax bill of $2,400. The typical bill here is much larger, with the 25th percentile at $8,332, the 75th percentile at $12,230, and the 90th percentile at $15,337. In ZIP code 03031, the median tax bill is $10,105.
Because property taxes are tied to assessed value, changes in the housing market can affect what homeowners owe. A higher assessment can increase the bill, while a lower assessment can reduce it.
Property Tax Bills Across Amherst, Hillsborough County, New Hampshire
Source: Ownwell
$2,983
$7,937
$12,890
Median Amherst Tax Bill
$10,105
Median Hillsborough County Tax Bill
$7,162
Median New Hampshire Tax Bill
$6,530
Median United States Tax Bill
$2,400
Property Tax Bills Across Amherst, Hillsborough County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03031 | $6,774 | $8,332 | $10,105 | $12,230 | $15,337 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 1 |
Links | |
|---|---|
| Hillsborough Tax Assessor | |
| Website | www.vgsi.com |