Short answer
No. New Hampshire doesn't tax wages or salaries, and its Interest and Dividends Tax was repealed for tax periods beginning on or after January 1, 2025. Returns for 2024 and earlier years are still owed. New Hampshire also has no general sales tax. Towns and schools are funded mostly by local property taxes, so those matter more when you budget for a home here.
What happened to the Interest and Dividends Tax?
New Hampshire used to tax interest and dividend income above an exemption. A 2023 state law moved the repeal up, so the tax doesn't apply to tax periods beginning on or after January 1, 2025. If you owed it for 2024 or earlier, those returns and payments are still due, and the state can still review them.
What taxes does New Hampshire have?
The main ones homeowners notice are local property taxes, which every town sets each year, and the real estate transfer tax paid when a home sells, split between buyer and seller. There's also a tax on meals, rooms and car rentals, and taxes on businesses. Federal income tax applies as it does anywhere.
Why do property taxes matter more in New Hampshire?
Without a broad income or sales tax, property taxes pay for most town services and schools. That's why the tax bill on a New Hampshire home is often the second-largest part of the monthly payment, and why it varies so much from town to town. Compare towns with the NH property tax calculator and the property tax guide.
Does no income tax help me qualify for a mortgage?
Not directly. Lenders usually qualify you on your gross income, before taxes, so a lower state tax doesn't change the number they use. It can still leave more room in your real monthly budget. On the other side, the lender counts the full property tax in your payment, so a high-tax town can lower the price you qualify for.
I'm moving from Massachusetts. What should I plan for?
If you live in New Hampshire but work in Massachusetts, Massachusetts generally still taxes the wages you earn there. Check with a tax professional about your own situation. For the home side, see moving from Massachusetts to New Hampshire.
Sources
- NH Department of Revenue Administration, Interest and Dividends Tax
- NH DRA, Taxes at a glance
- Mass. DOR, 830 CMR 62.5A.1, Non-resident income tax
Checked November 2, 2026. Rules and dates change, so confirm current details before you rely on them.
General information only, not tax or legal advice. Program availability, eligibility and terms vary by lender and are subject to change and to underwriting approval. Not a commitment to lend.