Surry, New Hampshire Property Taxes
The median property tax rate in Surry, NH, is 1.61%, 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 Surry, the typical annual property tax bill reaches $5,027, exceeding the national median of $2,690. Property taxes in Surry 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 Surry'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 Surry 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
Surry, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.61%
Estimate Property Tax Bill
$5,011
Ownwell’s Surry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Surry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Surry 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 Surry, New Hampshire
Property taxes in Surry, New Hampshire, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Surry is 1.61%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Surry set these rates annually, which can vary considerably across different neighborhoods. Each year, Surry estimates the required budget to maintain services for the upcoming fiscal year. This budget is then divided 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 foundation for setting property tax rates. The data below compares Surry's effective property tax rate to other areas in New Hampshire and the national median. For comparison, the highest and lowest median property tax rates in Cheshire County are both 1.61%, found in the zip code 03431. Understanding how these areas compare with Surry 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 Surry Tax Rate
1.61%
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 Surry, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03431 | 1.61% | 1.61% | 1.61% | 1.61% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Surry, New Hampshire
In Surry, 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 Surry, 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 Surry helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Cheshire County, the highest median tax bill is $5,027 in the 03431 zip code, while the lowest median tax bill is also $5,027 in the same zip code.
Average Surry Assessed Value
$311,250
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 Surry, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03431 | $170,410 | $244,325 | $311,250 | $386,850 | $499,100 |
Source: Ownwell
Property Tax Bills Across Surry, New Hampshire
Property tax bills in Surry, 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 and reflects the property's market value. This value is then multiplied by the tax rate to determine the annual tax bill. Various factors, such as property size, location, and improvements, influence the assessed value. Homeowners in Surry experience a range of property tax bills. For instance, those in the 25th percentile can expect to pay around $3,978 annually, while those in the 75th percentile might see bills as high as $6,226. At the 90th percentile, the tax bill can reach up to $8,055. Comparatively, the median property tax rate in Surry is higher than the national median of 0.99%, reflecting the area's property values and local funding needs. These tax bills significantly impact homeowners by influencing their overall housing costs and financial planning.
Average Surry Tax Bill
$5,027
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 Surry, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03431 | $2,799 | $3,978 | $5,027 | $6,226 | $8,055 |
Source: Ownwell