KEENE, N.H. (MyKeeneNow) A newly released report from the New Hampshire Fiscal Policy Institute is shedding light on just how dramatically property tax bills can vary from one community to another across the Granite State.

During Friday’s “Good Morning with Dan Mitchell” on WKBK Radio, NHFPI Research Director Phil Sletten joined host Dan Mitchell to break down the findings of the data-heavy report, which examines local tax rates, property values, and how much homeowners pay depending on where they live.

The analysis shows that annual property taxes on a $500,000 home can differ by nearly $17,000 statewide, with some communities seeing bills as low as about $1,300 and others topping $18,000. Even neighboring towns can show stark contrasts, driven by differences in property values, population, and available tax base.

Sletten explained that New Hampshire’s heavy reliance on property taxes — the highest in the nation — plays a major role in those disparities. Local governments depend on property taxes for roughly 61% of their revenue, leaving municipalities with limited flexibility when costs rise and few alternatives for generating income.

The report also highlights broader policy factors, including state aid, education funding formulas, and recent tax changes, as well as how the system affects residents at different income levels. According to the data, lower-income households pay a significantly larger share of their income in property taxes compared to higher earners.

As part of its effort to make the findings accessible, NHFPI has published interactive maps and will host a series of public discussions across the state, including an upcoming event in Keene.

Listen to the full interview with Sletten above for a deeper dive into the report and what it means for taxpayers and communities across New Hampshire.