Freedom, New Hampshire Property Taxes
The median property tax rate in Freedom, NH is 1.02%, slightly higher than the national median of 0.99% but significantly lower than the New Hampshire state median of 1.91%. With the median home value in Freedom at $215,400, the typical annual property tax bill reaches $2,205, which is below the national median of $2,690. Property taxes in Freedom are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence exemption. Understanding Freedom'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 Freedom or another part of Carroll County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Freedom, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$2,197
Ownwell’s Freedom Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Freedom with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Freedom 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 Freedom, New Hampshire
Property taxes in Freedom, 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 Freedom is 1.02%, which is higher than the U.S. national median of 0.99%. Local government entities within Freedom set these rates annually, and they can vary significantly across different neighborhoods. Each year, Freedom 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 Freedom's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the zip code 03836 has the highest median property tax rate of 1.02%, while the same zip code also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Freedom 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 Freedom Tax Rate
1.02%
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 Freedom, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03836 | 1.02% | 1.02% | 1.02% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Freedom, New Hampshire
In Freedom, 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 Freedom, 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 Freedom helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Freedom is $2,205 in zip code 03836, while the lowest is also $2,205 in the same zip code.
Average Freedom Assessed Value
$215,400
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 Freedom, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03836 | $56,680 | $127,750 | $215,400 | $332,050 | $543,040 |
Source: Ownwell
Property Tax Bills Across Freedom, New Hampshire
Property tax bills in Freedom, NH, are determined by assessing the market value of a property and applying the local tax rate to this value. The assessed value is essentially an estimate of what the property would sell for under normal conditions. In Carroll County, where Freedom is located, tax rates are set by local government entities and can vary depending on budgetary needs and public services funded by these taxes. Factors considered in determining the tax bill include the property's market value, local tax rate, and any applicable exemptions or abatements. For example, the median home price in Freedom is $215,400. Property tax bills can vary significantly: at the 25th percentile, homeowners might pay around $1,307, while at the 75th percentile, the bill could rise to $3,407. At the 90th percentile, it can reach up to $5,573. These property taxes fund essential services such as schools, emergency services, and infrastructure maintenance, impacting homeowners by contributing to the overall quality of life in the community.
Average Freedom Tax Bill
$2,205
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 Freedom, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03836 | $580 | $1,307 | $2,205 | $3,407 | $5,573 |
Source: Ownwell