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Portsmouth releases estimated property tax rate with new property values set and offers calculator to determine your bill.
Portsmouth's tax rate is $16.13 per $1,000 of property valuation for fiscal year 2024, city leaders announced Friday. The tax rate is 93 cents per $1,000 higher than fiscal year 2023.
New Hampshire does not have a general income tax nor a general sales tax like many other U.S. states. It does have the following taxes: [27] Interest & Dividends Tax [28] - 3% for tax year 2024; will expire at start of 2025; Inheritance and Estate Tax; Business Profits Tax; Business Enterprise Tax - 0.75% [29] - an income tax on sole proprietors
Though there is no broad-based state tax, local jurisdictions have the U.S.'s 8th-highest property taxes as of a 2019 ranking by the Tax Foundation. [93] However, the state's overall tax burden is relatively low; in 2010 New Hampshire ranked 8th-lowest among states in combined average state and local tax burden. [94]
The "view tax" referred to an impetus in the New Hampshire legislature in 2005 to increase the property tax rate on property with a “pleasing view.” House Bill 245 would not have imposed a tax, but merely would have set up a committee of six legislators to “study the processes for valuing water frontage and views of scenic areas”. [2]
In 2024, federal income tax rates remain at 10%, 12%, 22%, 24%, 32%, 35%, and 37%. While these rates stay the same for 2025, the income thresholds for each bracket will adjust for inflation.
The Standard & Poor's CoreLogic Case–Shiller Home Price Indices are repeat-sales house price indices for the United States. There are multiple Case–Shiller home price indices: A national home price index, a 20-city composite index, a 10-city composite index, and twenty individual metro area indices.
For the 2023 tax year, the Earned Income Tax Credit (EITC) will increase to $7,430 for qualifying taxpayers who have three or more qualifying children, a $495 gain from $6,935 for the 2022 tax year.