Taxes & Insurance in Franklin
Franklin applies New Hampshire's real, favorable no-wage-income-tax structure alongside a property tax rate that genuinely runs below the state's own statewide picture, this record discloses directly.
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Learn moreNew Hampshire's real 2026 tax structure
No broad-based tax on wages or salaries, no general sales tax, and (per a real 2025 repeal) no tax on interest or dividends either, applying in Franklin as statewide -- alongside a real, targeted 8.5% Meals & Rooms Tax and business-level taxes (7.5% Business Profits Tax, 0.50% Business Enterprise Tax) (base record).
A property tax rate below the statewide median
Ownwell cites Franklin's median effective property tax rate at 1.71%, broadly consistent with the city's own cited $17.63-per-$1,000 2025 real estate tax rate -- both below New Hampshire's own statewide median (base record).
A real, more modest median tax bill
Franklin's median annual tax bill ran approximately $4,860 per Ownwell -- still above the $2,400 national median, but genuinely more modest than several other NH Tier B markets in this batch (base record).
A genuinely favorable statewide insurance picture
New Hampshire's statewide homeowners-insurance spread ($900-$1,611/year) runs well below the national average, and Franklin's lower home values may further favor lower absolute premiums (base record).
Key takeaways
- New Hampshire's no-wage-tax, no-sales-tax, no-I&D-tax structure applies in Franklin as statewide.
- Franklin's 1.71% property tax rate runs below New Hampshire's own statewide median.
- Franklin's median annual tax bill (~$4,860) runs more modest than several other NH Tier B markets in this batch.
- Statewide homeowners insurance runs favorably at $900-$1,611/year.
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