03102 Property Tax Rate

Property owners in ZIP code 03102 (Manchester, New Hampshire) pay a median of $5,635/year in property taxes on homes valued at $309,400. This translates to an effective tax rate of 1.82%, which is 5% above the New Hampshire state average of 1.74%.

The monthly property tax burden for a median-valued home in 03102 is approximately $470, which factors into escrow payments on mortgages. This ZIP code is located within Hillsborough County. This is $328 less than the New Hampshire average of $5,963/year.

Compared to similar ZIP codes in New Hampshire, 03102 has lower property taxes. ZIP codes with similar effective rates include 03046 (1.82%) and 03826 (1.82%).

In Manchester, property taxes represent approximately 8.1% of the median household income of $69,927, providing context for the relative tax burden on homeowners in this area.

New Hampshire has no statewide property tax cap and assesses property at full market value; Hillsborough County revaluations occur every five years or when ownership changes, potentially increasing your tax bill substantially. New Hampshire offers no homestead exemption, but if you are 65+, disabled, or a surviving spouse earning under a state income threshold, the Elderly and Disabled Tax Exemption Program may apply—contact the Hillsborough County Assessor's office immediately after closing to verify eligibility. File your exemption application before April 15 of the assessment year and request a statement of assessed value to confirm the municipality's valuation methodology.