Previous 3 Years Tax Collection & Tax Rates

Computation of Tax


Real Estate taxes are calculated by multiplying the property assessment by the tax rate. City Council determines the real estate tax rate in the Spring of each year. The rate will apply to the upcoming tax year beginning on July 1. The tax rate in the City of Portsmouth is expressed in dollars per one hundred dollars of assessed value. The tax formula to calculate your taxes is as follows:

2015 Tax Rate: $1.30 Per $100


The tax formula for tax year starting July 1, 2015 is:
  • Assessment x tax rate = tax bill
  • Example:
    • Tax Rate: $1.30 per $100
    • Property Value: $100,000
    • $100,000 x 0.0130 = $1,300 annual tax bill

2014 Tax Rate: $1.27 Per $100


The tax formula for tax year starting July 1, 2014 is:
  • Assessment x tax rate = tax bill
  • Example:
    • Tax Rate: $1.27 per $100
    • Property Value: $100,000
    • $100,000 x 0.0127 = $1,270 annual tax bill

2013 Tax Rate: $1.27 Per $100


The tax formula for tax year starting July 1, 2013 is:
  • Assessment x tax rate = tax bill
  • Example:
    • Tax Rate: $1.27 per $100
    • Property Value: $100,000
    • $100,000 x 0.0127 = $1,270 annual tax bill