City Of Concord Tax Rates Confirmed By New Hampshire Department Of Revenue Administration

CONCORD, NH — The state has confirmed new tax rates for the city of Concord.

The New Hampshire Department of Revenue Administration confirmed the final 2023-2024 tax rates for the city of Concord and the village of Penacook, with city taxpayers paying $26.86 per $1,000 in assessed value while Penacook residents will pay $29.15. The overall rate for Concord increased by 97 cents, while Penacook increased by 2 cents.

The bulk of the Concord increase was due to education.

In SAU 8, the Concord School District, taxes went up by 19 cents per thousand, to $13.61 per thousand, the highest rate in more than two decades. Taxes were increased despite the district receiving more than $5 million in extra state aid that was supposed to lead to reduced property taxes. Both Democrats and Republicans heralded the extra education money in the most recent state budget as bipartisan property tax relief earlier this year.

SAU 8 officials have not returned requests for comment about why Concord School District residents are not seeing promised property tax relief.

The statewide education property tax, or “SWEPT,” also increased by 36 cents ($1.57) per thousand. The city portion of the tax increased by 4 cents ($9.51).

County taxes rose 2 cents to $2.17 per thousand.

Taxes will go up about $291 for the average assessed home in Concord ($300,000) to $8,058 annually.

In Penacook, where school taxes have been abnormally high in the Merrimack Valley School District, despite having a town meeting form of government, school taxes were reduced by 79 cents ($15.92). The SWEPT for the village also increased by 39 cents ($1.55).

Village residents pay the same city and county tax rates.

“This tax rate reflects careful considerations and the hard work of Mayor (Jim) Bouley and the members of city council during a difficult budget year,” Stefanie Breton, the public information officer for the city, said.

Breton said the city’s finance department is preparing the third and fourth quarter tax bills to be mailed out before the middle of December with due dates of Jan. 11. Property tax bills not paid by the due date will incur interest.

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