03851 Property Tax Rate

Property owners in ZIP code 03851 (Milton, New Hampshire) pay a median of $5,644/year in property taxes on homes valued at $282,500. This translates to an effective tax rate of 2.00%, which is 15% above the New Hampshire state average of 1.74%.

The monthly property tax burden for a median-valued home in 03851 is approximately $470, which factors into escrow payments on mortgages. This ZIP code is located within Strafford County. This is $319 less than the New Hampshire average of $5,963/year.

Compared to similar ZIP codes in New Hampshire, 03851 has lower property taxes. ZIP codes with similar effective rates include 03740 (2.00%) and 03031 (2.00%).

In Milton, property taxes represent approximately 5.7% of the median household income of $98,750, 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; Strafford County revaluations occur every five years or when ownership changes, so your purchase price becomes the assessed value. New Hampshire offers no homestead exemption, but the Elderly and Disabled Tax Exemption Program may provide relief for seniors (65+), disabled residents, and surviving spouses meeting income thresholds—contact the Strafford County Assessor's office to determine your eligibility. File your exemption application by April 15 and request the Assessor's property record to verify valuation accuracy and ensure all exemptions are properly applied.