City Sets FY24 Property Tax Rate at $16.13

The New Hampshire Department of Revenue Administration has approved the City’s property tax rate of $16.13 per $1,000 of valuation for Fiscal Year 2024. The tax rate is $0.93 more than Fiscal Year 2023, which results in the median single-family home valued at $480,100 paying $7,744 or $446 more this year. The newly approved tax rate will be reflected in the tax bills mailed in the next couple of weeks, with the first half due Thursday, December 28, 2023, and the second half due on Monday, June 3, 2024.

City Manager Karen Conard announced, “The 2024 tax rate increased by $0.93, or 6.1%, from the prior year’s tax rate of $15.20 and exactly what was anticipated at the time the City Council adopted the FY24 annual budget this past June.”

The City of Portsmouth provides an online tax calculator at portsnh.co/taxcalc for residents to use to estimate their tax bill for Fiscal Year 2024. The City urges taxpayers to pay their tax bills online at portsnh.co/paybill, where they will receive instant confirmation and receipt. All payment options are detailed on the back of the tax bill.

Property owners who wish to contest their assessments may request a review of their assessed value by filing an abatement application with the Assessing Department by March 1, 2024. Abatement applications can be found online at portsnh.co/assessors or by contacting the Assessing Department at (603) 610-7249.