Jackson, New Hampshire Property Taxes
The median property tax rate in JACKSON, NH is 1.09%, which is considerably higher than the national median of 0.99% but lower than the New Hampshire state median of 1.91%. With the median home value in JACKSON at $320,700, the typical annual property tax bill reaches $3,496, surpassing the national median of $2,690. Property taxes in JACKSON are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding JACKSON'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 JACKSON 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
Jackson, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$3,496
Ownwell’s Jackson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jackson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jackson 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 Jackson, New Hampshire
Property taxes in Jackson, NH, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jackson is 1.09%, higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Jackson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jackson 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 Jackson's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03846 zip code has both the highest and lowest median property tax rate of 1.09%. Understanding how these cities compare with Jackson 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 Jackson Tax Rate
1.09%
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 Jackson, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03846 | 1.09% | 1.09% | 1.09% | 1.09% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Jackson, New Hampshire
In Jackson, 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 Jackson, 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 Jackson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 03846 has the highest and lowest median tax bill, both at $3,496, reflecting the uniformity in property tax assessments within the region.
Average Jackson Assessed Value
$320,700
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 Jackson, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03846 | $133,060 | $232,400 | $320,700 | $456,600 | $634,656 |
Source: Ownwell
Property Tax Bills Across Jackson, New Hampshire
In Jackson, located in Carroll County, New Hampshire, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local government assessors who evaluate the property’s market value. Once the assessment is completed, the property tax rate is applied to this assessed value to calculate the tax bill. Several factors influence the assessed value, including the location, size, and condition of the property, as well as recent sales of similar properties in the area. For homeowners in Jackson, the median home price stands at $320,700. With the national median property tax rate at 0.99%, Jackson residents face a slightly higher tax burden. The tax bill for the 25th percentile is $2,533, while it reaches $4,977 at the 75th percentile and $6,918 at the 90th percentile. These tax bills can significantly impact homeowners, affecting their annual budget and overall financial planning. Understanding how these taxes are calculated helps homeowners in Jackson better anticipate their expenses and manage their finances effectively.
Average Jackson Tax Bill
$3,496
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 Jackson, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03846 | $1,451 | $2,533 | $3,496 | $4,977 | $6,918 |
Source: Ownwell