Marlow, New Hampshire Property Taxes
The median property tax rate in Marlow, NH is 2.58%, 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 Marlow, the typical annual property tax bill reaches $4,237, exceeding the national median of $2,690. Property taxes in Marlow 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 Marlow'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 Marlow 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
Marlow, 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 Marlow Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marlow with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marlow 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 Marlow, New Hampshire
Property taxes in Marlow, New Hampshire, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Marlow is 2.58%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Marlow set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marlow 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 Marlow's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the zip code 03456 has the highest median property tax rate of 2.58%, while the same zip code also has the lowest median tax rate of 2.58%. Understanding how these cities compare with Marlow 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 Marlow Tax Rate
2.58%
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 Marlow, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03456 | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% |
Source: Ownwell
Property Tax Assessment Values Across Marlow, New Hampshire
In Marlow, 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 Marlow, 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 Marlow helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 03456, with a median tax bill of $4,237.
Average Marlow Assessed Value
$164,030
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 Marlow, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03456 | $78,554 | $117,365 | $164,030 | $207,415 | $263,937 |
Source: Ownwell
Property Tax Bills Across Marlow, New Hampshire
Property tax bills in Marlow, located in Cheshire County, NH, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor's office, which evaluates the property's market value. Homeowners in Marlow experience property tax bills that vary significantly, with the 25th percentile at $3,014 and the 75th percentile at $5,338, reflecting a wide range of home values and assessments. A key factor in determining the tax bill is the local tax rate, which, when applied to the assessed value, results in the annual property tax obligation. For instance, a typical home in Marlow has a median home price of $164,030. Comparing this to the national median property tax rate of 0.99%, homeowners in Marlow might find their tax burdens relatively substantial. These property taxes directly impact homeowners by influencing their overall housing costs, potentially affecting their financial planning and budget. Understanding how these taxes are calculated can help homeowners anticipate their annual expenses and manage their property investments more effectively.
Average Marlow Tax Bill
$4,237
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 Marlow, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03456 | $2,029 | $3,014 | $4,237 | $5,338 | $6,811 |
Source: Ownwell