Sullivan, New Hampshire Property Taxes
The median property tax rate in SULLIVAN, NH is 2.64%, 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 SULLIVAN, the typical annual property tax bill reaches $4,589, exceeding the national median of $2,690. Property taxes in SULLIVAN 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 SULLIVAN'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 SULLIVAN 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
Sullivan, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.64%
Estimate Property Tax Bill
$4,586
Ownwell’s Sullivan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sullivan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sullivan 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 Sullivan, New Hampshire
Property taxes in Sullivan, NH, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sullivan is 2.64%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Sullivan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sullivan 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 Sullivan's effective property tax rate to other areas in New Hampshire and the national median. For comparison, the 03445 zip code has the highest median property tax rate of 2.64%, while the same zip code also has the lowest median tax rate of 2.64%. Understanding how these areas compare with Sullivan 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 Sullivan Tax Rate
2.64%
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 Sullivan, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03445 | 2.64% | 2.64% | 2.64% | 2.64% | 2.64% |
Source: Ownwell
Property Tax Assessment Values Across Sullivan, New Hampshire
In Sullivan, 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 Sullivan, 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 Sullivan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $4,589 in the 03445 zip code, while the lowest median tax bill is also $4,589 in the same zip code.
Property Tax Assessment Values Across Sullivan, New Hampshire
Source: Ownwell
$134,200
$264,050
$393,900
Average Sullivan Assessed Value
$173,700
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 Sullivan, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03445 | $95,738 | $133,272 | $173,700 | $231,800 | $273,180 |
Source: Ownwell
Property Tax Bills Across Sullivan, New Hampshire
In Sullivan, Cheshire County, NH, property tax bills are calculated by assessing the market value of a home and applying the local tax rate to this assessed value. The median home price in Sullivan is $173,700, and property tax rates are applied to this value to determine the annual tax bill. Factors influencing the tax bill include the property's assessed value, local government budgets, and public service funding needs. For instance, homeowners in Sullivan can expect a tax bill ranging from $3,521 at the 25th percentile to $6,124 at the 75th percentile, with the 90th percentile reaching up to $7,185. These figures indicate a significant range, reflecting differences in property values and specific neighborhood assessments. The highest and lowest median tax bills in the area are both $4,589, found in the 03445 zip code. Compared to the national median property tax rate of 0.99%, Sullivan's tax bills can be notably higher, impacting homeowners by increasing their annual financial obligations. This higher tax rate supports local services but requires careful budgeting by property owners.
Average Sullivan Tax Bill
$4,589
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 Sullivan, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03445 | $2,530 | $3,521 | $4,589 | $6,124 | $7,185 |
Source: Ownwell