Center Harbor, New Hampshire Property Taxes
The median property tax rate in Center Harbor, NH is 0.48%, considerably lower than both the national median of 0.99% and the New Hampshire state median of 1.91%. With the median home value in Center Harbor, the typical annual property tax bill reaches $1,513, significantly below the national median of $2,690. Property taxes in Center Harbor 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 Center Harbor'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 Center Harbor 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
Center Harbor, 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 CENTER HARBOR Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CENTER HARBOR with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CENTER HARBOR 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 Center Harbor, New Hampshire
Property taxes in Center Harbor, 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 Center Harbor is 0.48%, which is lower than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Center Harbor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Center Harbor 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 Center Harbor's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03226 zip code has the highest median property tax rate of 0.48%, while the same zip code also represents the lowest median tax rate of 0.48%. Understanding how these cities compare with Center Harbor 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 Center Harbor Tax Rate
0.48%
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 Center Harbor, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03226 | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Center Harbor, New Hampshire
In Center Harbor, 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 local appraisal authorities 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 Center Harbor, 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 Center Harbor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 03226, with a median tax bill of $1,513.
Property Tax Assessment Values Across Center Harbor, New Hampshire
Source: Ownwell
$127,800
$357,900
$588,000
Average Center Harbor Assessed Value
$158,300
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 Center Harbor, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03226 | $31,660 | $79,150 | $158,300 | $237,450 | $284,940 |
Source: Ownwell
Property Tax Bills Across Center Harbor, New Hampshire
In Center Harbor, Carroll County, NH, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and home improvements can influence the assessed value. In Center Harbor, the median home price is $158,300, and the property tax rate is significantly higher than the national median of 0.99%. For homeowners in Center Harbor, the median tax bill is $1,513, which is consistent across various percentiles, reflecting a stable tax environment. This tax bill can impact homeowners by influencing their annual budget and potentially affecting home affordability. Understanding these factors can help homeowners better plan for their expenses and consider any available exemptions or appeals to manage their tax liabilities effectively. The consistency in tax bills across different percentiles suggests a uniform approach to property taxation within the city, providing predictability for homeowners.
Average Center Harbor Tax Bill
$1,513
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 Center Harbor, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03226 | $1,513 | $1,513 | $1,513 | $1,513 | $1,513 |
Source: Ownwell