03235 Property Tax Rate

Property owners in ZIP code 03235 (Franklin, New Hampshire) pay a median of $4,693/year in property taxes on homes valued at $244,800. This translates to an effective tax rate of 1.92%, which is 10% above the New Hampshire state average of 1.74%.

The monthly property tax burden for a median-valued home in 03235 is approximately $391, which factors into escrow payments on mortgages. This ZIP code is located within Merrimack County. This is $1,270 less than the New Hampshire average of $5,963/year.

Compared to similar ZIP codes in New Hampshire, 03235 has higher property taxes. ZIP codes with similar effective rates include 03598 (1.92%) and 03276 (1.91%).

In Franklin, property taxes represent approximately 6.7% of the median household income of $69,921, providing context for the relative tax burden on homeowners in this area.

New Hampshire has no statewide property tax cap and assesses all property at full market value; Merrimack County revaluations occur every five years or upon sale, locking in your purchase price as the new assessed value. New Hampshire does not offer a homestead exemption, but eligible seniors (65+), disabled residents, and surviving spouses may qualify for the Elderly and Disabled Tax Exemption Program—contact the Merrimack County Assessor's office to verify income and residency requirements. Submit your exemption application by April 15 and request a Statement of Assessed Value from the Assessor to confirm the valuation used for your tax bill.