Milford, Hillsborough County, New Hampshire Property Taxes
Property Taxes in Milford, New Hampshire
Median Milford, New Hampshire effective property tax rate: 2.37%, significantly higher than the national median of 1.02%, and higher than the New Hampshire state median of 1.82%.
Median Milford, New Hampshire home value: $311,500
Median annual Milford, New Hampshire tax bill: $7,366, $4,966 higher than the national median property tax bill of $2,400.
How are property taxes in Hillsborough calculated?
Property taxes in Milford, 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 Milford's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Milford, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Milford, Hillsborough County, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.37%
Estimate Property Tax Bill
$7,383
$6,851
How Does the Milford Property Tax Calculator Work?
Use this Milford property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Milford's median effective tax rate of 2.37% — based on actual property records in Hillsborough County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Milford's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Milford's rate is higher than the New Hampshire median tax rate of 1.82% and well above the national median property tax rate of 1.02%. The median property tax bill is $7,366, compared with the national median property tax bill of $2,400.
Your bill may vary by ZIP code within Milford: rates range from 2.37% in 03055 to 2.37% in 03055, 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 Milford.
About Milford Property Taxes
About Property Taxes in Milford, Hillsborough, New Hampshire
Milford’s median effective property tax rate of 2.37% 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 Milford. Homeowners in the 03055 ZIP code carry a median effective rate of 2.37%, while those in the lowest ZIP code also pay 2.37%. This spread reflects how school district boundaries and local assessment districts are drawn across Hillsborough County. Understanding which part of Milford you live in can make a meaningful difference to your annual tax bill.
Milford 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 Milford, 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 Milford'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 Milford Tax Rate
2.37%
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 Milford, Hillsborough County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03055 | 2.37% | 2.37% | 2.37% | 2.37% | 2.37% |
Source: Ownwell
Property Tax Assessment Values Across Milford, Hillsborough County, New Hampshire
When examining property taxes in Milford, 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 assessment office 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:
In Hillsborough County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
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. For Milford, the median home price is $311,500, with a median tax bill of $7,366. The 25th percentile tax bill is $5,910, while the 75th percentile is $8,912 and the 90th percentile reaches $10,562.
Property Tax Assessment Values Across Milford, Hillsborough County, New Hampshire
Source: Ownwell
$165,050
$411,500
$657,950
Median Milford Market Value
$311,500
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 Milford, Hillsborough County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03055 | $164,900 | $250,950 | $311,500 | $376,650 | $446,500 |
Source: Ownwell
Property Tax Bills Across Milford, Hillsborough County, New Hampshire
Milford property tax bills are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. For homeowners in Milford, the median home price is $311,500, and that value helps shape the size of the tax bill. Local assessments and tax rates work together to determine what each homeowner owes, so two similar homes can still receive different bills if their assessed values differ.
Property taxes can have a major impact on household budgets because the bill is often one of the largest ongoing housing costs. In Milford, the 25th percentile tax bill is $5,910, while the 75th percentile tax bill is $8,912 and the 90th percentile tax bill is $10,562. The median tax bill is $7,366, which is well above the national median property tax bill of $2,400. That means homeowners in Milford may face a heavier tax burden than many other U.S. homeowners, making it especially important to understand how assessments affect the final bill.
Property Tax Bills Across Milford, Hillsborough County, New Hampshire
Source: Ownwell
$2,983
$7,937
$12,890
Median Milford Tax Bill
$7,366
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 Milford, Hillsborough County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03055 | $3,901 | $5,910 | $7,366 | $8,912 | $10,562 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 1 |
Links | |
|---|---|
| Hillsborough Tax Assessor | |
| Website | www.vgsi.com |