All Sections
Welcome guest, you have 3 views left.  Register| Sign In

Tax rate up nearly 2.5 percent for Nashua homeowners

NASHUA - According to David Fredette, city treasurer, the property tax rate has been set by the state Department of Revenue Administration at $21.49, an increase of 2.48 percent over the previous rate of $20.97.

Mayor Donnalee Lozeau had predicted a tax increase of less than 3 percent since the budget season began months ago.

"During the past several years, state and local revenues have declined significantly. Through careful planning, cost-saving measures and reasonable tax increases, we have been able to mitigate those lost revenues while maintaining services," Lozeau said in a statement.

The tax rate, according to Lozeau, must continue to be stable from year to year so property owners know what to expect and not be hit with large fluctuations.

The average homeowner with a house assessed at $250,000 in Nashua paid about $5,242.50 in property taxes this year, which will rise to about $5,372.50 under the new figures, explained Fredette.

"The new property tax rate will mean that the owner of a home assessed at $250,000 will pay approximately $11 per month more in local property taxes this year than last year," Fredette said in a release.

The city's overall tax rate is broken into four sections: the city portion accounts for $8.56, the county portion is $1.11, the local school portion is $9.39 and the state school portion is $2.43.

- - - - - - - -

Kimberly Houghton may be reached at

Eric Church
Saturday, 8 p.m.

Discover Wild NH Day
Saturday, 10 a.m. - 3 p.m.

Kathy Griffin
Saturday, 7 p.m.

Peter Wolf
Saturday, 7:30 p.m.

Motor Booty Affair
Saturday, 8 p.m.

Follow us on Twitter Follow us on Facebook Follow our RSS feed
Union Leader app for Apple iPad or Android *
Click to download from Apple Apps StoreClick to download from Android Marketplace
* e-Edition subscription required

More Politics

NH Angle