New Concord, Penacook Tax Rates Confirmed By New Hampshire DRA

CONCORD, NH — The New Hampshire Department of Revenue Administration confirmed the final 2022 property tax rates for city and village property taxpayers Wednesday.

Concord taxpayers will pay $25.89 per $1,000 assessed value, while Penacook will pay $29.13.

Property taxpayers in the village of Penacook have a higher tax rate due to higher school taxes via the Merrimack Valley School District.

Stefanie Breton, a public information officer for the city, said the over rate in Concord increased by 77 cents while the Penacook rate increased by $1.16. The bulk of the city property taxpayer increase, 40 cents, was due to the school district increase, while the city portion of the bill increased by 37 cents.

The city portion is 5 cents lower than projected in the fiscal year 2022 adopted budget.

Concord Tax Rate

• SAU 8 (School District): $13.42
• City: $9.11
• County: $2.15
• SWEPT (Statewide Education Property Tax): $1.21

Total: $25.89

Penacook Tax Rate

• SAU 46: $16.71
• City: $9.11
• County $2.15
• SWEPT: $1.16

Total: $29.13

“This tax rate reflects careful considerations and the hard work of Mayor Bouley and the members of City Council during a difficult budget year,” she said.

Due to higher real estate assessments and increased government spending, property taxpayers have seen large increases in their taxes during the past few years.

The latest average single-family home figure is now valued at around $324,000, based on November 2021 assessments. The average assessment figure for November 2022 was not available at post time. Based on the old valuation, the average single-family homeowner's property taxes will be around $8,400. This could change once the new valuation becomes available.

In 2020, when the tax rate in Concord was $26.76 per $1,000, and assessments were around $288,000, the average tax bill was around $7,700.

In 2011, when the tax rate in Concord was $24.60 and assessments were around $224,000, the average tax bill was $5,510.

While valuations and rates have fluctuated, Concord taxpayers are paying the highest property taxes in history.

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