Tax Law Blog | IRS Tax Attorneys

The city of Nashua has had it’s tax rate increased by less than 1 percent, the mayor announced Wednesday, and one alderman said it couldn’t have come at a better time.

“This is one of our smallest increases over the last 10 years,” Mayor Donnalee Lozeau said. “I hope this provides some comfort for our residents in these uncertain times.”

Lozeau announced the tax rate during her remarks at the beginning of the board of aldermen’s meeting. The state Department of Revenue Administration sets the tax rate based on financial information provided by the city.

The new rate is $17.55 per $1,000 of assessed property value. It marks an increase of 15 cents, or 0.8 percent, over the current tax rate.

With the new rate, the owner of a home assessed at $250,000 would pay $4,387.50 in city property taxes this fiscal year, or $37.50 more than last year.
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