Wolfeboro, New Hampshire Property Taxes
The median property tax rate in Wolfeboro, NH is 1.32%, 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 Wolfeboro at $337,900, the typical annual property tax bill reaches $4,141, exceeding the national median of $2,690. Property taxes in Wolfeboro 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 Wolfeboro'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 Wolfeboro 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
Wolfeboro, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$4,460
-$46,744
Ownwell’s Wolfeboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wolfeboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wolfeboro 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 Wolfeboro, New Hampshire
Property taxes in Wolfeboro, New Hampshire, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wolfeboro is 1.32%, higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Wolfeboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wolfeboro 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 Wolfeboro's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03894 zip code has the highest median property tax rate of 1.32%, while the lowest median tax rate is also 1.32%. Understanding how these cities compare with Wolfeboro 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 Wolfeboro Tax Rate
1.32%
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 Wolfeboro, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03894 | 0.64% | 1.32% | 1.32% | 1.32% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Wolfeboro, New Hampshire
In Wolfeboro, 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. Assessment notices in Wolfeboro 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 Wolfeboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 03894 has the highest and lowest median tax bill, both at $4,141.
Property Tax Assessment Values Across Wolfeboro, New Hampshire
Source: Ownwell
$127,800
$357,900
$588,000
Average Wolfeboro Assessed Value
$337,900
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 Wolfeboro, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03894 | $156,500 | $229,300 | $337,900 | $564,300 | $1,077,100 |
Source: Ownwell
Property Tax Bills Across Wolfeboro, New Hampshire
In Wolfeboro, located in Carroll County, NH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the town's assessor, who evaluates the property’s market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Wolfeboro, the median home price is $337,900, and property tax bills can vary significantly. At the 25th percentile, tax bills are around $2,957, while at the 75th percentile, they can reach $6,717. Homeowners with properties in the 90th percentile might see tax bills as high as $12,921. Notably, the highest and lowest median tax bills in the area are both $4,141, indicating a uniformity in the tax rate application. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life for Wolfeboro residents. With a property tax rate higher than the national median of 0.99%, homeowners in Wolfeboro should be prepared for a relatively higher financial commitment.
Average Wolfeboro Tax Bill
$4,141
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 Wolfeboro, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03894 | $2,113 | $2,957 | $4,141 | $6,717 | $12,921 |
Source: Ownwell