Estimate your payment
Adjust any number — the estimate updates as you type. Nothing you enter is collected or sent anywhere.
Default is 1.5% of the price — the statewide average effective rate. · ·
Your estimated payment
- Principal & interest$2,661/mo
- Property taxes$625/mo
- Homeowner's insurance$200/mo
Estimate only. Does not include PMI (which may apply with less than 20% down), HOA or condo dues, flood insurance, or closing costs. Your actual rate and payment depend on your credit, loan program, and lender.
The New Hampshire trade-off: no income or sales tax — but property taxes carry the load
New Hampshire is famous for what it doesn't tax. There is no state income tax on wages — and the state's Interest & Dividends Tax was fully repealed effective January 1, 2025 — and there is no general sales tax. For many buyers moving from Massachusetts or other higher-tax states, that sounds like a pure win.
The trade-off shows up in your escrow account. With no income or sales tax revenue, local services are funded heavily through property taxes — so New Hampshire's effective property tax rates are among the highest in the country. That means two homes at the same price can carry very different monthly payments depending on the town and county, and the tax line deserves as much attention as the interest rate when you budget.
State income tax on wages, and no general sales tax. The Interest & Dividends Tax ended January 1, 2025.
Statewide average effective property tax rate (Tax Foundation, 2024 data) — among the highest in the U.S.
The county range: about 0.87% in Carroll County up to about 1.87% in Cheshire County.
Rates and bills vary widely by county
There is no single "New Hampshire tax rate" to plug in. Effective rates and actual bills swing a great deal from county to county — and from town to town within a county:
| Measure | Low end | High end |
|---|---|---|
| Effective property tax rate | Carroll County — about 0.87% | Cheshire County — about 1.87% |
| Median annual property tax bill | Coos County — about $3,579 | Rockingham County — about $7,839 |
| Statewide average effective rate | About 1.5% (Tax Foundation, 2024 data) | |
Bills vary by town and county, and they change over time as towns set rates and properties are reassessed. Before you write an offer, verify the actual tax bill for the specific property with the town or county — and use the buttons in the calculator above to see how the low and high ends of the range change your monthly payment on the home you're considering.
Worked example: a $500,000 New Hampshire home
Here is the math behind this calculator's defaults, step by step, so you can check every number:
| Home price | $500,000 |
| Down payment (20%) | − $100,000 |
| Loan amount | $400,000 |
| Rate / term | 7.00% · 30 years (360 payments) |
| Principal & interest — $400,000 at 7.00% for 30 years | $2,661.21/mo |
| Property taxes — $500,000 × 1.5% average effective rate = $7,500/yr | $625.00/mo |
| Homeowner's insurance — $2,400/yr | $200.00/mo |
| Estimated total monthly payment | $3,486.21/mo |
Now the New Hampshire part: hold everything else the same and move that house to the low and high ends of the county range. At Carroll County's roughly 0.87% effective rate, taxes drop to about $4,350 a year ($362.50/mo) and the total falls to about $3,223.71/mo. At Cheshire County's roughly 1.87%, taxes rise to about $9,350 a year ($779.17/mo) and the total climbs to about $3,640.38/mo — a swing of more than $400 a month on the identical house and loan, purely from where the home sits. That's why the town's tax bill belongs in your budget from day one, not as an afterthought at closing.
Buying anywhere in New Hampshire
Adam is licensed statewide in New Hampshire and works with buyers across the Granite State through West Capital Lending, Inc. and its network of over 175 wholesale lenders — which means your loan isn't limited to one bank's menu. Whether you're buying your first home, moving up, or relocating from out of state, the process starts with a real, town-specific tax estimate, not a statewide guess.
Manchester
New Hampshire's largest city — first-time buyers, move-up homes, and multi-family properties across the Queen City and the Merrimack Valley.
Nashua
A top choice for buyers who work in Massachusetts but want New Hampshire's tax structure — with property taxes that still need a careful, address-level check.
Concord & statewide
The capital region, the Seacoast, the Lakes Region, and the North Country — Adam can lend anywhere in New Hampshire.
New Hampshire mortgage FAQs
Why are New Hampshire property taxes so high if there is no income tax?
New Hampshire has no state income tax on wages and no general sales tax, so local services are funded heavily through property taxes instead. That trade-off puts New Hampshire's effective property tax rates among the highest in the country, averaging about 1.5% (Tax Foundation, 2024 data), with wide variation by county and town.
Does New Hampshire really have no income tax or sales tax?
New Hampshire has no state income tax on wages, and its former Interest & Dividends Tax was fully repealed effective January 1, 2025. It also has no general sales tax. Property tax is the main tax most homeowners feel month to month.
How much are property taxes on a $500,000 home in New Hampshire?
It depends on the county and town. At the statewide average effective rate of about 1.5%, a $500,000 home would be about $7,500 per year, or $625 per month. Effective rates range from about 0.87% in Carroll County to about 1.87% in Cheshire County, so the same home could run roughly $4,350 to $9,350 per year depending on where it sits. Verify the bill for the specific property and town before you buy.
Does this calculator include PMI, HOA dues, or closing costs?
No. This estimator covers principal & interest, property taxes, and homeowner's insurance only. If you put down less than 20%, private mortgage insurance (PMI) may apply, and HOA or condo dues, flood insurance, and closing costs are separate. Ask Adam for a full, personalized estimate that includes everything that applies to your loan.
Can Adam DeCraene help me buy anywhere in New Hampshire?
Yes. Adam DeCraene (NMLS #2811542) is licensed statewide in New Hampshire and works with buyers in Manchester, Nashua, Concord, and communities across the state through West Capital Lending, Inc. and its network of over 175 wholesale lenders.
Want the real numbers for a specific New Hampshire home?
Send Adam the address and he'll run the payment with that town's actual tax bill — plus a loan comparison across West Capital Lending's 175+ wholesale lenders.
Call/Text 949-393-6360 · Office 949-404-5396 (voice only) · adecraene@wclloans.com