Portsmouth NH sets the property tax rate

PORTSMOUTH — The New Hampshire Department of Revenue Administration has approved the city’s 2022 tax rate for fiscal year 2023 of $15.20 per $1,000 of property appraisal. It’s 17 cents per $1,000 more than the 2021 tax rate, resulting in the median $480,100 single-family home paying $7,298, or $82 more, in taxes this year. “The 2022 tax rate increased $0.17, or 1.6%, from the prior year’s tax rate of $15.03 and is $0.10 lower than the tax rate of $15.30, which was anticipated when City Council passed the annual budget for FY23 last June,” said City Manager Karen Conard.

Appraiser Rosann Lentz reported that the city’s estimated total worth exceeds $6.4 billion, a net increase of $94.5 million, or 1.5 percent, from the previous year, primarily due to new construction and renovations within the city. The median value of a single-family home in Portsmouth increased 1.6% on April 1, 2022, from $478,050 to $480,100 or $2,050.

More:Why Portsmouth Inspects Homes and All Grounds: Data Collection Process Explained.