North Walpole, New Hampshire Property Taxes
The median property tax rate in North Walpole, NH is 1.63%, 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 North Walpole at $225,500, the typical annual property tax bill reaches $3,682, exceeding the national median of $2,690. Property taxes in North Walpole 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 North Walpole'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 North Walpole or another part of Cheshire County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
North Walpole, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.63%
Estimate Property Tax Bill
$3,676
Ownwell’s North Walpole Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Walpole with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Walpole 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 North Walpole, New Hampshire
Property taxes in North Walpole, 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 North Walpole is 1.63%, significantly higher than the U.S. national median of 0.99%. Local government entities within North Walpole set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Walpole 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 North Walpole's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03609 zip code has the highest median property tax rate of 1.63%, while the same 03609 zip code also has the lowest median tax rate of 1.63%. Understanding how these cities compare with North Walpole 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 North Walpole Tax Rate
1.63%
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 North Walpole, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03609 | 1.63% | 1.63% | 1.63% | 1.63% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across North Walpole, New Hampshire
In North Walpole, 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 North Walpole, 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 North Walpole helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3,682, found in the 03609 zip code.
Property Tax Assessment Values Across North Walpole, New Hampshire
Source: Ownwell
$134,200
$264,050
$393,900
Average North Walpole Assessed Value
$225,500
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 North Walpole, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03609 | $176,540 | $194,800 | $225,500 | $262,500 | $293,500 |
Source: Ownwell
Property Tax Bills Across North Walpole, New Hampshire
In North Walpole, Cheshire County, 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 local assessor's office, which estimates the market value of the property. This assessed value is then multiplied by the tax rate to calculate the annual tax bill. Homeowners in North Walpole experience a range of tax bills, with the 25th percentile at $3,181 and the 75th percentile at $4,287. Several factors influence the assessed value, including the property's size, location, and condition. Market trends and recent sales of comparable properties also play a significant role. The highest median tax bill in the area is $3,682, which is notable given the national median property tax rate of 0.99%. For homeowners, these property taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Understanding how these taxes are calculated helps homeowners manage their financial planning effectively.
Average North Walpole Tax Bill
$3,682
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 North Walpole, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03609 | $2,883 | $3,181 | $3,682 | $4,287 | $4,793 |
Source: Ownwell