Overview of New Hampshire Taxes: New Hampshire has no income tax on wages and salaries. The state also has no sales tax, but homeowners in New Hampshire pay some of the highest property taxes in the country.
Your 2025 Estimated State Income Tax:
Breakdown of Your Income Taxes
Your Annual Take-Home Pay
About This Calculator
Our income tax calculator calculates your federal, state and local taxes based on several key inputs: your household income, location, filing status and number of personal exemptions.
How Income Taxes Are Calculated
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First, we calculate your adjusted gross income (AGI) by taking your total household income and reducing it by certain items such as contributions to your 401(k).
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Next, from AGI we subtract exemptions and deductions (either itemized or standard) to get your taxable income. Exemptions can be claimed for each taxpayer.
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Based on your filing status, your taxable income is then applied to the tax brackets to calculate your federal income taxes owed for the year.
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Your location will determine whether you owe local and / or state taxes.
When Do We Update? - We check for any updates to the latest tax rates and regulations annually.
Customer Service - If you would like to leave any feedback, feel free to email info@smartasset.com.
Assumptions
Deductions
- "Other Pre-Tax Deductions" are not used to calculate state taxable income.
Credits
- The only federal credit automatically calculated is the Savers Credit, depending on your eligibility.
- We do not apply any refundable credits, like the Child Tax Credit or Earned Income Tax Credit (EITC).
- We do not apply state credits in our calculations.
Itemized Deductions
- If itemizing at the federal level, you may need to itemize at the state level too. Some states don't allow itemized deductions, which is accounted for in our calculations.
- When calculating the SALT deduction for itemized deductions, we use state and local taxes, and we assume your MAGI.
- We assume that there is no cap to itemized deductions, if a state allows them.
- We do not categorize itemized deductions (such as medical expenses or mortgage interest), which could be subject to specific caps per state.
Local Tax
- Depending on the state, we calculate local taxes at the city level or county level. We do not include local taxes on school districts, metro areas or combine county and city taxes.
- With the exception of NYC, Yonkers, and Portland/Multnomah County, we assume local taxes are a flat tax on either state taxable income or gross income.
Actual results may vary based on individual circumstances and changes in tax laws or IRS regulations. Estimates provided by this calculator do not guarantee income tax amounts or rates. Past performance is not indicative of future results.
SmartAsset.com does not provide legal, tax, accounting or financial advice (except for referring users to third-party advisers registered or chartered as fiduciaries ("Adviser(s)") with a regulatory body in the United States). Articles, opinions and tools are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual. Users should consult their accountant, tax advisor or legal professional to address their particular situation.
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Taxes in New Hampshire
New Hampshire State Tax Quick Facts
- Income tax: None
- Sales tax: None
- Property tax: 1.46% median effective rate
- Gas tax: 23.83 cents per gallon of regular gasoline
The Granite State has a reputation for being one of the lowest taxed states in the U.S., and rightly so. The state has no sales tax and no income tax on wages and salaries.
The one tax that is significantly higher in New Hampshire than in the rest of the country is the property tax. Homeowners pay an effective property tax rate of 1.46%, the fourth-highest rate in the U.S. Other taxes in New Hampshire include a cigarette tax, a gas tax and an excise tax on beer. In fact, excise taxes are one of the largest sources of revenue for the New Hampshire state government.
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New Hampshire Income Taxes
The state does not tax any type of income. Prior to 2025, the state taxed dividends and interest income, but has since phased out that tax.
New Hampshire Sales Tax
The state of New Hampshire has no sales tax. Additionally, there are no local sales taxes in New Hampshire cities or counties. That means that nearly any product can be purchased tax-free, although there are exceptions. New Hampshire levies special taxes on electricity use ($0.00055 per kilowatt hour), communications services (7%), hotel rooms (8.5%) and restaurant meals (8.5%).
New Hampshire Property Tax
While New Hampshire lacks a sales tax and personal income tax, it does have some of the highest property taxes in the country. The median homeowner in New Hampshire pays 1.46% of their home’s value in property tax every year. That’s the fourth-highest average effective property tax rate in the country. It serves as the primary source of revenue to support local services like schools and parks, as well as the state school system. For comparison, the median property tax bill in the Granite State is $6,707, while the national median is just $3,211.
If you’d like to purchase a home in the Granite State or if you’re looking to refinance your current home, take a look at our New Hampshire mortgage guide for all the essentials regarding mortgages in New Hampshire.
New Hampshire Gas Tax
The gas tax in New Hampshire is equal to 23.83 cents per gallon. This ranks in the bottom 12 nationally.
New Hampshire Cigarette Tax
New Hampshire’s excise tax on cigarettes totals $1.78 per pack of 20. This tax is not paid directly by the consumer. Instead, the wholesaler must purchase stamps that identify if tax has been paid on a package of cigarettes.
New Hampshire Alcohol Tax
Liquor and wine are not taxed in New Hampshire, but beer is. The tax on beer is 30 cents per gallon, or about 2.81 cents per beer.
It should also be noted that liquor in New Hampshire can only be purchased at a state-run store. There are no private liquor stores. Since the state therefore has a monopoly on the sale of liquor, it collects all profits from liquor sales to consumers.
New Hampshire Estate Tax
While New Hampshire used to have an estate tax (called the “Legacy & Succession Tax”), it was repealed in 2002. The repeal became effective on Jan. 1, 2003. As a result, there is no longer an estate tax in New Hampshire. It’s important to note, however that the tax may still apply to estates for decedents who died prior to Jan. 1, 2003.