Hampshire state tax article" width="" />New Hampshire state tax rates and rules for income, sales, property, fuel, cigarette, and other taxes that impact residents.
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New Hampshire has no income tax on wages and salaries, and no sales tax. New Hampshire also has fairly high property tax compared to other states. The state taxes dividends and interest at 4%. (The tax is scheduled to be eliminated in 2025.)
The Granite State doesn't tax Social Security benefits. Income from retirement plans is exempt from New Hampshire's interest and dividends tax. Railroad Retirement benefits are also exempt.
[Data for this state tax guide was gathered from a number of sources including the Census Bureau, the state’s government website, the Sales Tax Handbook, and the Tax Foundation. Property taxes are cited as a rate percentage rather than the assessed value.]
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New Hampshire is a state that doesn't have a personal income tax. However, currently, the state has a 4% tax on dividends and interest.
However, the tax on dividends and interest is being phased out due to legislation. According to the New Hampshire Department of Revenue Administration:
The D&I tax is currently scheduled to be repealed in 2025.
New Hampshire doesn't have sales tax.
In New Hampshire, the median property tax rate is 1.93% of assessed home value, according to the Tax Foundation.
New Hampshire Property Tax Breaks for Retirees
An exemption for property taxes is available to those age 65 and older who have lived in New Hampshire for at least three years.
| Product | Tax |
|---|---|
| Gasoline | $0.22 per gallon |
| Diesel | $0.22 per gallon |
New Hampshire tobacco taxes
Swipe to scroll horizontally| Product | Tax Amount |
|---|---|
| Cigarettes | $1.78 per pack |
| Other Tobacco Products | 48% of the wholesale price |
| Medical Marijuana | 0.00% |
New Hampshire alcohol taxes
Swipe to scroll horizontally| Product | Tax Amount |
|---|---|
| Beer | $0.30 per gallon |
| Wine | $0.00 per gallon |
| Liquor | state-controlled |
Source: Sales Tax Handbook
New Hampshire doesn't have estate or inheritance tax.
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Senior Tax Editor, Kiplinger.comAs the senior tax editor at Kiplinger.com, Kelley R. Taylor simplifies federal and state tax information, news, and developments to help empower readers. Kelley has over two decades of experience advising on and covering education, law, finance, and tax as a corporate attorney and business journalist.
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