Nashua tax rate up slightly from 2018
NASHUA – The city’s property tax rate is a tad higher than last year, but comes in nearly a half percentage point under the projected 3% hike, according to city officials.
The state Department of Revenue Administration, which each year sets the tax rate for municipalities, established the increase at 2.6%, which takes effect with December’s tax bills.
The new rate – $21.76 per $1,000 valuation – represents a 55-cent increase from last year’s rate of $21.21.
By the numbers, the increase means the owner of a home assessed at $250,000 will pay $11.50 more each month, beginning in December.
For a resident whose home is assessed at $350,000, the hike would come to roughly $17.37 per month.
Mayor Jim Donchess in announcing the new rate said he “would like to thank the Board of Aldermen, other elected officials and city staff for their hard work” in keeping the increase as low as possible.
“Their successful efforts over the last four years have directly contributed to maintaining a stable tax rate,” Donchess added.
He urges Nashua taxpayers with questions to contact the City Hall Tax Office at 603-589-3190.
Dean Shalhoup may be reached at 594-1256, or at firstname.lastname@example.org