# Property Tax Information

#### Real Estate Tax Rate

The current real estate tax rate for the City of Franklin, NH is \$24.39 per \$1000 of your property's assessed value.

#### Assessed Value

The assessed value multiplied by the real estate tax rate equals the real estate tax.

#### Estimate of Property Tax Owed

• Enter your property assessment in the field below.
• Please be aware that this estimate does not include any exemptions or credits.

 City of Franklin, NH Tax Calculator Enter Assessed Property Value: Your total tax bill is:

#### How tax bills are calculated for the July and December bills

You can’t take the total tax due in December and multiply it by 2 thinking that is the total tax bill as that is incorrect.  The December tax bill is the total tax bill for the year.

Below is an example of a property tax billing:

When using the assessed value use your property's assessed value with the rates and what you paid for July tax bill.

The July bill is calculated using ½ of the prior year’s tax rate against the property's assessed value.  (example - 2017 tax rate \$25.56 and ½ is \$12.78 and the old assessed value is 213,800 for a July tax bill of \$2,732.36)

In November when the new rate was set and the new assessed value was set the bill is calculated as a whole and the July bill is subtracted off and the difference of those two is what is due. (example -  2018 new tax rate \$21.96 and new assessed value of 272,700 for total 2018 taxes due of \$5,988.00)

2018 Total tax bill:                      \$5,988.00
minus July taxes paid:               \$2,732.36

equals December tax bill due = \$3,255.64

For the July 2019 tax bill we will take ½ the current rate of \$21.96 which is \$10.98 and multiply that by the new assessed value of 272,700 for a total of \$2,994.25.  As you can see it is not 1/2 of the previous December tax bill.

#### Property Tax Payment

The City of Franklin offers residents an easy and convenient method to view and pay Property Tax Bills Online.