Revenue & Tax

Revenue is essential to funding the priorities of the state and supporting vital public services. State and local revenue in New Hampshire stems primarily from taxes, and each resident, visitor, and employer has a vital role in generating the resources required to maintain essential systems and meet the needs of Granite Staters.

Property taxes are the primary revenue source for local governments, while the largest tax revenue sources for the State are taxes on business profits and compensation, restaurant meals and hotel room rentals, tobacco sales, real estate transactions, insurance premiums, motor fuels, and other economic activity. State revenue also comes from sales by State-operated enterprises selling liquor and lottery tickets.

NHFPI seeks to improve public understanding of New Hampshire’s revenue system, its role in financing state expenditures, and the impact it has on families and individuals at different income levels.

 

State Property Tax Relief for Homeowners Available Through June 30

NHFPI’s latest analysis examines New Hampshire’s Low and Moderate Income Homeowners Property Tax Relief Program and why participation has declined sharply over time, even as property taxes continue to rise. The piece also explores how other states structure targeted property tax relief, including assistance for renters, who are largely excluded from New Hampshire’s program despite often facing lower incomes and higher housing cost burdens.

April Revenues Suggest Growth as Receipts Exceed Target: Ten Takeaways from the Latest Numbers

New Hampshire State revenues came in stronger than expected in April, driven by a one-time Tax Amnesty Program, rebounding business tax revenues, stronger Real Estate Transfer Tax receipts, and growth in lottery and Insurance Premium Tax revenues. But while the gains may ease short-term budget pressures as the legislative session enters its final month, revenues remain below where they were two years ago, underscoring ongoing fiscal uncertainty tied in part to recent tax policy changes.

🎙️ New Hampshire Uncharted Season 2, Episode 4: Why Property Taxes Matter So Much in New Hampshire

In the latest episode of New Hampshire Uncharted, Gene Martin and Phil Sletten break down how property taxes work and why they matter so much in New Hampshire. With tax bills on a $500,000 home ranging from about $1,300 to $18,000 depending on location, the conversation explores affordability, disparities, and how local property taxes fund essential services statewide.

Examining New Hampshire’s Property Tax

Presented by Phil Sletten, New Hampshire Fiscal Policy Institute Research Director at NHFPI’s Examining New Hampshire's Property Tax webinar on April 22, 2026. You can find the webinar recording and more information here.

Study: In NH, a $500K Home Can Mean a $1,310 or $18,270 Property Tax Bill Depending On Where You Live

A $500,000 home in New Hampshire can face annual property tax bills ranging from about $1,310 to more than $18,270 depending on the community, according to a new analysis from the New Hampshire Fiscal Policy Institute. The study, Property Taxes in New Hampshire: How They Work and How They Compare, examines how property taxes are structured, how they vary across communities, and how New Hampshire’s reliance on local property taxes compares to other states.