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New Hampshire
By the Numbers

New Hampshire Below is a snapshot of key features of New Hampshire's tax system. (Scroll Down)
State & Local Revenue (FY10)
  • General Revenue, Own-Source (GROS): $7.3 billion
  • General Revenue as a Share of Income: 12.9%
  • Tax Revenue: $5.0 billion
  • Tax Revenue as Share of income: 8.8%
  • Personal Income Tax (Share of Tax Revenue): 1.6% (43 out of 51)
  • Corporate Income Tax (Share of Tax Revenue): 10.0 % ( 2 out of 51)
  • Sales & Excise Tax (Share of Tax Revenue): 16.0 % ( 48 out of 51)
  • Property Tax (Share of Tax Revenue): 64.6 % ( 1 out of 51)
  • Other Taxes (Share of Tax Revenue): 5.2 % (24 out of 51)
Personal Income Tax Features (2012)
  • Range of Tax Rates: N/A
  • Standard Deduction: N/A
  • Personal Exemption: N/A
  • Dependent Exemption: N/A
  • Earned Income Tax Credit (EITC): None
  • No broad based personal income tax
Corporate Income Tax Features (2012)
  • Range of Tax Rates: 8.50%
  • Income Level at Which Top Rate Applies: All
  • Combined Reporting: Yes
  • Apportionment Factor (Payroll): 25%
  • Apportionment Factor (Property): 25%
  • Apportionment Factor (Sales): 50%
Sales Tax Features (2012)
  • State Sales Tax Rate: N/A
  • Average Local Sales Tax Rate: N/A
  • Average Combined State & Local Sales Tax Rate: N/A
  • State Sales Tax Treatment of Groceries: N/A
  • Local Sales Tax Treatment of Groceries: N/A
  • Number of Services Taxed: 18 out of 168 surveyed (2007)
  • Streamlined Sales Tax Membership: No
  • Taxes consumption of telephone, hotel, and car rental services
Property Tax Features (2012)
  • Levies statewide uniform property tax.
  • Means-tested exemption from statewide portion of property tax.
  • Comparatively high property taxes.
Other Tax & Revenue Features (2012)
  • Gasoline Tax Rate (per gallon): $0.196
  • Diesel Tax Rate (per gallon): $0.196
  • Cigarette Tax Rate (per pack): $1.68
  • Estate or Inheritance Tax: No
  • Net Lottery Sales Per Capita: $168 (2010)
Tax Policy Oversight
  • Tax Expenditure Report: Yes, but excludes at least one major tax
  • Tax Incidence Analysis Capability: None

Last Updated October 4, 2012

Sources & Glossary