Hillsborough, Hillsborough County, New Hampshire Property Taxes

Name: Property Tax Bills Across Hillsborough, Hillsborough County, New Hampshire
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Hillsborough, NH effective property tax rate: 2.67%, significantly higher than the national median of 1.02%, but lower than the New Hampshire state median of 1.91%.
Median Hillsborough, NH home value: $183,750
Median annual Hillsborough, NH tax bill: $4,890, $2,490 higher than the national median property tax bill of $2,400.

How are property taxes in Hillsborough calculated?

Property taxes in Hillsborough, NH 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 Hillsborough’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hillsborough, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Hillsborough, Hillsborough County, New Hampshire Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.67%

Estimate Property Tax Bill

$4,906

$4,553

Ownwell’s Hillsborough Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hillsborough with just two data points. By entering your property's estimated assessed value, our calculator applies Hillsborough’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Hillsborough County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Hillsborough, Hillsborough County, New Hampshire

Local government entities in Hillsborough, New Hampshire, are responsible for setting property tax rates, which can vary significantly within the state. Each year, the county estimates its budgetary needs to provide essential services and divides this figure by the total assessed value of all taxable properties in its jurisdiction. This process results in the property tax rate. Although votes and laws play a role in determining these rates and budgets, this is essentially how the annual calculation is made.

In Hillsborough, the effective property tax rate stands at 2.67%, which is notably higher than the national median property tax rate of 1.02%. This means homeowners in Hillsborough generally face a higher property tax burden compared to the national average. However, when compared to other cities in New Hampshire, Hillsborough's tax rate is consistent with the state’s median, reflecting a localized approach to property taxation. Understanding these variations can help property owners in Hillsborough make informed decisions about their investments and potential tax liabilities.

Property Tax Rates Across Hillsborough, Hillsborough County, New Hampshire

Source: Ownwell

0.34%

1.86%

3.39%

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 Tax Rate

2.67%

Median Effective Hillsborough County Tax Rate

1.89%

Median Effective New Hampshire Tax Rate

1.91%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hillsborough, Hillsborough County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
03244	2.67%	2.67%	2.67%	2.67%	2.67%

Source: Ownwell

Property Tax Assessment Values Across Hillsborough, Hillsborough County, New Hampshire

When examining property taxes in Hillsborough, NH, 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 appraisal district 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. In Hillsborough County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Hillsborough. For example, the median home price in Hillsborough is $183,750, with tax bills ranging significantly across the county. 03244 has the highest median home price at $183,750.

Property Tax Assessment Values Across Hillsborough, Hillsborough County, New Hampshire

Source: Ownwell

$132,100

$393,850

$655,600

Median Hillsborough Market Value

$183,750

Median Hillsborough County Market Value

$355,600

Median New Hampshire Market Value

$299,765

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hillsborough, Hillsborough County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
03244	$97,910	$141,100	$183,750	$228,947	$288,094

Source: Ownwell

Property Tax Bills Across Hillsborough, Hillsborough County, New Hampshire

In Hillsborough, NH, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. With a median home price of $183,750, homeowners face a property tax rate that results in a median tax bill of $4,890. This is significantly higher than the national median property tax bill of $2,400. Factors such as property location, size, and condition influence the assessed value, directly impacting the tax bill. For homeowners, this can mean a substantial financial burden, particularly when compared to the national median property tax rate of 1.02%. In Hillsborough, tax bills at the 25th percentile are $3,718, while those at the 75th percentile reach $6,096, and at the 90th percentile, they soar to $7,659. Ownwell offers a solution by providing expert property tax appeal services. By analyzing your property’s assessed value and ensuring it aligns with market conditions, Ownwell can help reduce your property tax bill, offering potential savings and alleviating financial strain.

Property Tax Bills Across Hillsborough, Hillsborough County, New Hampshire

Source: Ownwell

$713

$7,750

$14,787

Median Hillsborough Tax Bill

$4,890

Median Hillsborough County Tax Bill

$6,748

Median New Hampshire Tax Bill

$5,895

Median United States Tax Bill

$2,400

Property Tax Bills Across Hillsborough, Hillsborough County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
03244	$2,498	$3,718	$4,890	$6,096	$7,659

Source: Ownwell