Jaffrey, New Hampshire Property Taxes
The median property tax rate in Jaffrey, NH is 3.33%, 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 Jaffrey at $200,050, the typical annual property tax bill reaches $6,672, far exceeding the national median of $2,690. Property taxes in Jaffrey 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 Jaffrey'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 Jaffrey 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
Jaffrey, New Hampshire Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.91%
Estimate Property Tax Bill
$3,820
Ownwell’s Jaffrey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jaffrey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jaffrey 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 Jaffrey, New Hampshire
Property taxes in Jaffrey, 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 Jaffrey is 3.33%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Jaffrey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jaffrey 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 Jaffrey's effective property tax rate to other areas in New Hampshire and the national median. For comparison, the zip code 03452 has both the highest and lowest median property tax rate of 3.33%. Understanding how these areas compare with Jaffrey provides valuable insights into the varying tax landscape across Cheshire County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jaffrey Tax Rate
3.33%
Average Cheshire County Tax Rate
2.60%
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jaffrey, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03452 | 3.33% | 3.33% | 3.33% | 3.34% | 3.34% |
Source: Ownwell
Property Tax Assessment Values Across Jaffrey, New Hampshire
In Jaffrey, 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 Cheshire 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 Jaffrey, 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. For instance, the highest median tax bill in Jaffrey stands at $6,672, with the same amount being the lowest median tax bill, both in the 03452 zip code. 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 Jaffrey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jaffrey Assessed Value
$200,050
Average Cheshire County Assessed Value
$207,690
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jaffrey, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03452 | $84,800 | $156,575 | $200,050 | $267,004 | $372,703 |
Source: Ownwell
Property Tax Bills Across Jaffrey, New Hampshire
In Jaffrey, located in Cheshire County, NH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price here is $200,050, and homeowners can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill stands at $5,222, while the 75th percentile reaches $8,904, and the 90th percentile can go as high as $12,430. These tax bills are influenced by several factors, including the local tax rate and the assessed value of the property. The local tax rate is applied to the assessed value to determine the annual tax bill. This means that homeowners with higher assessed property values will pay more in taxes. Compared to the national median property tax rate of 0.99%, Jaffrey's tax bills are relatively high, reflecting the local government's funding needs for services such as schools, infrastructure, and public safety. Homeowners must consider these taxes when budgeting for their yearly expenses.
Average Jaffrey Tax Bill
$6,672
Average Cheshire County Tax Bill
$5,311
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across Jaffrey, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03452 | $2,828 | $5,222 | $6,672 | $8,904 | $12,430 |
Source: Ownwell