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Tax FAQ
- What is the tax year?
Throughout the State of New Hampshire, the tax year runs from April 1 through the following March. Assessments of your property are made as of its value on April 1st of each tax yearand will appear on your property tax bill.
- How often and when will I be billed?
There are two bills issued per year; the first bill is an estimate based on one half of the previous year's tax. This bill is mailed out near the end of May and is usually due July 1st every year. The State of New Hampshire Department of Revenue Administration sets the tax rate for the year in the fall. The final bill is calculated using the new tax rate multiplied by your property's assessed value as of April 1st, less any payments made on the first bill. The second bill is mailed by the end of October and is usually due December 1st each year. Partial payments on property tax accounts are always accepted.
It is the property owner's responsibility to forward the tax bill to their bank or mortgage company for payment if their taxes are held in escrow.
- What if I did not receive a tax bill?
Bills are sent to the address of the last known owner by State law. The Assessor's Office updates its records according to transfers received from the Rockingham County Registry of Deeds after they have been recorded. Your attorney or title company who handled the closing should have checked the status of taxes due. However, it is YOUR responsibility as the new owner to make sure taxes are paid and to advise the assessing department of your mailing address in writing. If you have any questions concerning this, refer to your closing statement or call us. Interest at 12% per annum is charged on tax bills NOT PAID by the due date.
