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Hanover Bancorp (HNVR) Tax Rate: 2020-2024

Historic Tax Rate for Hanover Bancorp (HNVR) over the last 5 years, with Dec 2024 value amounting to 24.62%.

  • Hanover Bancorp's Tax Rate rose 188.00% to 25.25% in Q3 2025 from the same period last year, while for Sep 2025 it was 24.35%, marking a year-over-year decrease of 42.00%. This contributed to the annual value of 24.62% for FY2024, which is N/A change from last year.
  • Per Hanover Bancorp's latest filing, its Tax Rate stood at 24.62% for FY2024, which was down 1.04% from 24.88% recorded in FY2023.
  • In the past 5 years, Hanover Bancorp's Tax Rate ranged from a high of 24.88% in FY2023 and a low of 22.75% during FY2022.
  • For the 3-year period, Hanover Bancorp's Tax Rate averaged around 24.09%, with its median value being 24.62% (2024).
  • As far as peak fluctuations go, Hanover Bancorp's Tax Rate decreased by 6bps in 2021, and later surged by 213bps in 2023.
  • Yearly analysis of 5 years shows Hanover Bancorp's Tax Rate stood at 22.84% in 2020, then declined by 6bps to 22.78% in 2021, then fell by 3bps to 22.75% in 2022, then skyrocketed by 213bps to 24.88% in 2023, then reached 24.62% in 2024.