Carroll, New Hampshire Property Taxes
The median property tax rate in Carroll, NH is 1.21%, which is significantly higher than the national median of 0.99% but lower than the New Hampshire state median of 1.91%. With a median home value of $252,015 in Carroll, the typical annual property tax bill reaches $3,054, surpassing the national median of $2,690. Property taxes in Carroll 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 Carroll'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 Carroll 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
Carroll, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$3,049
Ownwell’s Carroll Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carroll with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carroll 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 Carroll, New Hampshire
Property taxes in Carroll, 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 Carroll is 1.21%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Carroll set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carroll 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 Carroll's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03598 zip code has the highest median property tax rate of 1.21%, while the same zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with Carroll 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 Carroll Tax Rate
1.21%
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 Carroll, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03598 | 1.21% | 1.21% | 1.21% | 1.21% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Carroll, New Hampshire
In Carroll, 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 local 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 Carroll, 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 Carroll helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Carroll is $3,054, found in the zip code 03598, while the lowest median tax bill is also $3,054 in the same zip code.
Property Tax Assessment Values Across Carroll, New Hampshire
Source: Ownwell
$32,700
$612,630
$1,192,560
Average Carroll Assessed Value
$252,015
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 Carroll, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03598 | $134,075 | $186,652 | $252,015 | $309,268 | $410,184 |
Source: Ownwell
Property Tax Bills Across Carroll, New Hampshire
In Carroll, located in Coos County, NH, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by local tax assessors who evaluate the market value of your property. This assessed value is then multiplied by the local tax rate to determine your annual property tax bill. For instance, with a median home price of $252,015, homeowners in Carroll can expect their property tax bills to vary. The 25th percentile tax bill is approximately $2,262, while the 75th percentile reaches around $3,749. At the higher end, the 90th percentile tax bill can be as much as $4,972. These figures highlight the range of potential tax liabilities homeowners might face. Compared to the national median property tax rate of 0.99%, Carroll’s tax rate can significantly impact homeowners, making it essential for property owners to understand how their tax bills are calculated and the factors influencing them.
Average Carroll Tax Bill
$3,054
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 Carroll, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03598 | $1,625 | $2,262 | $3,054 | $3,749 | $4,972 |
Source: Ownwell