Brookfield, New Hampshire Property Taxes
The median property tax rate in Brookfield, NH is 1.83%, higher than both the national median of 0.99% and the New Hampshire state median of 1.91%. With the median home value in Brookfield at $289,276, the typical annual property tax bill reaches $5,282, surpassing the national median of $2,690. Property taxes in Brookfield are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Brookfield'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 Brookfield 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
Brookfield, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.83%
Estimate Property Tax Bill
$5,294
Ownwell’s Brookfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brookfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brookfield 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 Brookfield, New Hampshire
Property taxes in Brookfield, 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 Brookfield is 1.83%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Brookfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brookfield 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 Brookfield's effective property tax rate to other areas in New Hampshire and the national median. For comparison, the zip code 03872 has both the highest and lowest median property tax rate of 1.83%. Understanding how these cities compare with Brookfield provides valuable insights into the varying tax landscape across Carroll County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brookfield Tax Rate
1.83%
Average Carroll County Tax Rate
1.32%
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brookfield, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03872 | 1.83% | 1.83% | 1.83% | 1.83% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Brookfield, New Hampshire
In Brookfield, New Hampshire, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Carroll County Appraisal District 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 Brookfield, 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. Being aware of these valuation processes in Brookfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Brookfield is $289,276, with the highest and lowest median tax bill both at $5,282 in the 03872 zip code.
Property Tax Assessment Values Across Brookfield, New Hampshire
Source: Ownwell
$127,800
$357,900
$588,000
Average Brookfield Assessed Value
$289,276
Average Carroll County Assessed Value
$256,900
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brookfield, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03872 | $189,660 | $235,408 | $289,276 | $345,122 | $441,853 |
Source: Ownwell
Property Tax Bills Across Brookfield, New Hampshire
In Brookfield, Carroll County, NH, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the town's assessor and reflects the market value of the property. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Several factors influence the assessed value, including property size, location, and any improvements or renovations made to the home. For homeowners in Brookfield, the median home price stands at $289,276. Property tax bills vary significantly, with the 25th percentile at $4,298 and the 75th percentile at $6,302. The 90th percentile reaches up to $8,068. These figures highlight the range of property tax burdens that homeowners may face, depending on their property's assessed value. The highest and lowest median tax bills in the area both stand at $5,282, indicating some consistency in tax rates across different properties. Overall, property taxes in Brookfield can significantly impact homeowners' annual expenses, making it crucial to understand how these bills are calculated and what factors are considered.
Average Brookfield Tax Bill
$5,282
Average Carroll County Tax Bill
$3,014
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across Brookfield, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03872 | $3,463 | $4,298 | $5,282 | $6,302 | $8,068 |
Source: Ownwell