Effingham, New Hampshire Property Taxes
The median property tax rate in Effingham, NH is 2.36%, considerably higher than both the national median of 0.99% and the New Hampshire state median of 1.91%. With the median home value in Effingham, the typical annual property tax bill reaches $3,962, exceeding the national median of $2,690. Property taxes in Effingham 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 Effingham'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 Effingham 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
Effingham, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.36%
Estimate Property Tax Bill
$3,951
Ownwell’s Effingham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Effingham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Effingham 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 Effingham, New Hampshire
Property taxes in Effingham, New Hampshire, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Effingham is 2.36%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Effingham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Effingham 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 Effingham's effective property tax rate to other areas in New Hampshire and the national median. For comparison, the zip code 03882 has the highest median property tax rate of 2.36%, while the same zip code also has the lowest median tax rate of 2.36%. Understanding how these areas compare with Effingham 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 Effingham Tax Rate
2.36%
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 Effingham, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03882 | 2.36% | 2.36% | 2.36% | 2.36% | 2.36% |
Source: Ownwell
Property Tax Assessment Values Across Effingham, New Hampshire
In Effingham, 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 Effingham, 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 Effingham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Effingham is $3962 in the 03882 zip code, which also holds the lowest median tax bill, highlighting the range of property tax impacts in the area.
Property Tax Assessment Values Across Effingham, New Hampshire
Source: Ownwell
$127,800
$357,900
$588,000
Average Effingham Assessed Value
$167,400
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 Effingham, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03882 | $8,700 | $82,900 | $167,400 | $214,664 | $288,602 |
Source: Ownwell
Property Tax Bills Across Effingham, New Hampshire
In Effingham, located in Carroll County, NH, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value is then multiplied by the local tax rate to calculate the annual tax bill. For instance, with a median home price of $167,400, homeowners can expect varying tax bills depending on their property's assessed value and any applicable exemptions. Factors such as property size, location, and improvements can influence the assessed value, subsequently affecting the tax bill. In Effingham, the 25th percentile tax bill is around $1,994, while the 75th percentile reaches $5,060, and the 90th percentile can be as high as $6,804. These figures highlight the range of tax burdens homeowners might face. Comparatively, the national median property tax rate stands at 0.99%, making Effingham's property taxes relatively significant for some homeowners. Understanding these factors helps residents anticipate their property tax responsibilities and plan accordingly.
Average Effingham Tax Bill
$3,962
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 Effingham, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03882 | $217 | $1,994 | $3,962 | $5,060 | $6,804 |
Source: Ownwell