Berlin, New Hampshire Property Taxes
The median property tax rate in Berlin, NH is 2.73%, 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 Berlin at $136,100, the typical annual property tax bill reaches $3,710, exceeding the national median of $2,690. Property taxes in Berlin 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 Berlin'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 Berlin or another part of Coos County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Berlin, 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 Berlin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Berlin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Berlin 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 Berlin, New Hampshire
Property taxes in Berlin, New Hampshire, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Berlin is 2.73%, significantly higher than the U.S. national median of 0.99%. Local government entities within Berlin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Berlin 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 Berlin's effective property tax rate to other areas in Coos County and the national median. For comparison, the zip code 03570 has the highest median property tax rate of 2.73%, while the same zip code also represents the lowest median tax rate of 2.73%. Understanding how these rates compare with Berlin provides valuable insights into the varying tax landscape across Coos County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Berlin Tax Rate
2.73%
Average Coos County Tax Rate
2.43%
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Berlin, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03570 | 2.73% | 2.73% | 2.73% | 2.73% | 2.73% |
Source: Ownwell
Property Tax Assessment Values Across Berlin, New Hampshire
In Berlin, 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 Coos 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 Berlin, 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 Berlin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Berlin is $136,100, with the highest and lowest median tax bills both at $3,710 in zip code 03570.
Average Berlin Assessed Value
$136,100
Average Coos County Assessed Value
$128,700
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Berlin, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03570 | $83,800 | $107,500 | $136,100 | $170,100 | $211,170 |
Source: Ownwell
Property Tax Bills Across Berlin, New Hampshire
In Berlin, NH, property tax bills are calculated based on the assessed value of a home and the local tax rate set by the city. The assessed value is determined by the city's assessor and reflects the market value of the property. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Several factors influence the assessed value, including the property's size, location, and condition. Homeowners in Berlin face varying tax bills, with the 25th percentile at $2,930 and the 75th percentile at $4,635. For those in the 90th percentile, the tax bill can reach up to $5,756. The median home price in Berlin is $136,100, and the median tax bill stands at $3,710, which is significantly higher than the national median property tax rate of 0.99%. This higher tax rate can impact homeowners by increasing their annual expenses, making it essential for them to understand how their property is assessed and what exemptions or appeals might be available to reduce their tax burden.
Average Berlin Tax Bill
$3,710
Average Coos County Tax Bill
$2,848
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across Berlin, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03570 | $2,284 | $2,930 | $3,710 | $4,635 | $5,756 |
Source: Ownwell