Current 2021 tax rate: $31.50 per $1,000 of property valuation (2022 tax rate will be issued in late Fall of 2022.)*The tax rate is adjusted each year based on the actual spending of the Town and School.
To check your new 2022 assessed value online, Click Here. *All property values must be reassessed by the Town once every 5 years, by law. The next revaluation will happen in 2027.
For information on property tax relief and financial assistance, Click Here.
Property tax bills are issued twice a year in Allenstown, usually due on July 1st and December 1st of each year. However, the actual tax year runs from April 1st through March 31st of each year.
The July 1st first-issue, half-year bill, represents the period of April 1st through Sept 30th. The December 1st second-issue, half-year bill, represents the period of October 1st through March 31st.
NH Department of Revenue Administration sets our actual tax rate for the year every Fall, usually in the months of October or November. Hence, your July 1st bill, is only an estimate of the first half of the total taxes that may be assessed for the year. This estimate is based solely off your actual property tax bill from the previous year.
*Because the total amount of money that the Town/School needs to raise usually doesn't change by a drastic amount, the tax rate is usually adjusted to be lower when assessed property values are high and to be a higher rate when assessed property values are low, resulting in approximately the same total tax dollars raised wether property values are low or high.
Once we have the actual tax rate from DRA in the fall, you are sent your final December 1st tax bill for the true property tax liability assessed for the entire year, minus your first half-year estimated tax bill amount that was issued in July.
EXAMPLE: Your 2022 taxes for the whole year (the 2022 estimated July bill of $1,590 + the 2022 actual final December $2,000 bill) were $3,590, as determined by the 2022 tax rate set by DRA in the fall and the town assessed value of your property. Take that total amount and divide by 2. ($3,590 billed for whole year of 2022 / 2 = $1,795) Your estimated 2023 July 1st bill will be for $1,795. When DRA sets the actual tax rate in the fall of 2023, your actual full year 2023 tax liability will be calculated. Lets say it comes to $3,700 for the full year of 2023 based on your property's assessed value and the 2023 tax rate that is set by DRA. You will then be billed for the total amount owed, minus the previous amount that you have already been billed for in July. (2023 full year tax burden of $3,700 - 2023 estimated July bill of $1,795 = $1,905 as the 2023 actual final December bill)
For detailed information on how your tax bill is created, read Understanding the Calculation of Your Total Tax Bill .
*Property tax assessments, credits, exemptions, abatements, tax appeals, current use, timber and excavation tax assessments are handled by the Assessing Department.