Laconia, New Hampshire Property Taxes
The median property tax rate in Laconia, NH is 1.49%, which is considerably higher than the national median of 0.99% but lower than the New Hampshire state median of 1.91%. With a median home value of $263,850 in Laconia, the typical annual property tax bill reaches $3,922, significantly exceeding the national median of $2,690. Property taxes in Laconia are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Laconia’s property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Laconia or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Laconia, New Hampshire Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.91%
Estimate Property Tax Bill
$3,820
Ownwell’s Laconia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Laconia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Laconia to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Laconia, New Hampshire
Property taxes in Laconia, New Hampshire, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Laconia is 1.49%, significantly higher than the U.S. national median of 0.99%. Local government entities within Laconia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Laconia estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Laconia's effective property tax rate to other areas in New Hampshire and the national median. For comparison, the zip code 03246 has the highest median property tax rate of 1.49%, while the same zip code also has the lowest median tax rate of 1.49%. Understanding how these areas compare with Laconia provides valuable insights into the varying tax landscape across Belknap County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Laconia Tax Rate
1.49%
Average Belknap County Tax Rate
1.48%
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Laconia, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03246 | 1.48% | 1.48% | 1.49% | 1.49% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Laconia, New Hampshire
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Laconia, NH. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the county for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Laconia, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, Laconia's highest median tax bill is $3,922 in the 03246 zip code, which is above the national median property tax rate of 0.99%. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Laconia, New Hampshire
Source: Ownwell
$180,762
$809,631
$1,438,500
Average Laconia Assessed Value
$263,850
Average Belknap County Assessed Value
$267,900
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Laconia, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03246 | $94,800 | $188,900 | $263,850 | $396,425 | $685,600 |
Source: Ownwell
Property Tax Bills Across Laconia, New Hampshire
In Laconia, Belknap County, NH, property tax bills are calculated based on the assessed value of a home, which reflects its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's location, size, and condition. For instance, the median home price in Laconia is $263,850, and property tax bills can vary significantly. Homeowners in the 25th percentile can expect a tax bill around $2,826, while those in the 75th percentile may see bills as high as $5,888. At the 90th percentile, tax bills can reach up to $10,167. The highest and lowest median tax bills in the area are both $3,922, indicating a consistent tax rate across different properties. Compared to the national median property tax rate of 0.99%, Laconia's rates can be higher, significantly impacting homeowners' annual expenses and influencing decisions on property investments.
Average Laconia Tax Bill
$3,922
Average Belknap County Tax Bill
$4,251
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across Laconia, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03246 | $1,292 | $2,826 | $3,922 | $5,888 | $10,167 |
Source: Ownwell