Glen, New Hampshire Property Taxes
The median property tax rate in Glen, NH is 0.50%, 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 Glen at $380,800, the typical annual property tax bill reaches $1,893, which is significantly below the national median of $2,690. Property taxes in Glen 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 Glen’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 Glen 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
Glen, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.5%
Estimate Property Tax Bill
$1,904
Ownwell’s Glen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glen 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 Glen, New Hampshire
Property taxes in Glen, New Hampshire, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glen is 0.50%, which is lower than the U.S. national median of 0.99%. Local government entities within Glen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glen 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 Glen's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03838 zip code has both the highest and lowest median property tax rate of 0.50%. Understanding how these areas compare with Glen 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 Glen Tax Rate
0.50%
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 Glen, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03838 | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Glen, New Hampshire
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Glen, New Hampshire. 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 Glen, 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 Glen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Glen is $1,893 in the 03838 zip code, which is also the lowest median tax bill.
Average Glen Assessed Value
$380,800
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 Glen, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03838 | $239,600 | $297,400 | $380,800 | $653,175 | $995,610 |
Source: Ownwell
Property Tax Bills Across Glen, New Hampshire
In Glen, located in Carroll County, NH, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local government officials who evaluate the property's market value. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For example, if a home is assessed at the median home price of $380,800, the tax bill can vary significantly depending on the precise tax rate applied. Factors such as property location, home improvements, and market fluctuations play a crucial role in determining the assessed value. For homeowners, this means that any changes in these factors can lead to fluctuations in their annual tax bills. In Glen, the tax bills range widely, with the 25th percentile tax bill at $1,478 and the 75th percentile reaching $3,246. The highest median tax bill in the area is $1,893, which is notably lower than the national median property tax rate of 0.99%. This system ensures that property taxes are distributed fairly based on property values.
Average Glen Tax Bill
$1,893
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 Glen, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03838 | $1,190 | $1,478 | $1,893 | $3,246 | $4,949 |
Source: Ownwell