How does New Hampshire’s tax code compare? New Hampshire has a flat 3.00 percent individual income tax rate levied only on interest and dividends income. New Hampshire has a 7.5 percent corporate income tax rate. New Hampshire does not have a sales tax. New Hampshire has a 1.61 percent effective property tax rate on owner-occupied housing value.
New Hampshire does not have an estate tax or inheritance tax. New Hampshire has a 23.83 cents per gallon gas tax rate and a $1.78 cigarette excise tax rate. The State of New Hampshire collects $5,386 in state and local tax collections per capita. New Hampshire has $7,032 in state and local debt per capita and has a 73 percent funded ratio of public pension plans. New Hampshire’s tax system ranks 6th overall on the 2025 State Tax Competitiveness Index.
Each state’s tax code is a multifaceted system with many moving parts, and New Hampshire is no exception. The first step towards understanding New Hampshire’s tax code is knowing the basics. How does New Hampshire collect tax revenue? Click the tabs below to learn more! You can also explore our state tax maps, which are compiled from our annual publication, Facts & Figures 2024: How Does Your State Compare?
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The State Tax Competitiveness Index enables policymakers, taxpayers, and business leaders to gauge how their states’ tax systems compare. While there are many ways to show how much state governments collect in taxes, the Index evaluates how well states structure their tax systems and provides a road map for improvement.
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