Columbia, New Hampshire Property Taxes
The median property tax rate in Columbia, NH is 1.53%, considerably higher than the national median of 0.99% but lower than the New Hampshire state median of 1.91%. With the median home value in Columbia at $49,844, the typical annual property tax bill reaches $763, which is below the national median of $2,690. Property taxes in Columbia 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 Columbia'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 Columbia 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
Columbia, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.53%
Estimate Property Tax Bill
$763
Ownwell’s Columbia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Columbia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Columbia 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 Columbia, New Hampshire
Property taxes in Columbia, New Hampshire, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Columbia is 1.53%, significantly higher than the U.S. national median of 0.99%. Local government entities within Columbia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Columbia 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 Columbia's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03576 zip code has the highest median property tax rate of 1.53%, while the same zip code also has the lowest median tax rate of 1.53%. Understanding how these cities compare with Columbia 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 Columbia Tax Rate
1.53%
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 Columbia, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03576 | 1.53% | 1.53% | 1.53% | 1.53% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Columbia, New Hampshire
In Columbia, 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 Columbia, 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 Columbia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 03576 has both the highest and lowest median tax bill, each at $763.
Property Tax Assessment Values Across Columbia, New Hampshire
Source: Ownwell
$32,700
$612,630
$1,192,560
Average Columbia Assessed Value
$49,844
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 Columbia, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03576 | $30,433 | $36,377 | $49,844 | $107,354 | $140,315 |
Source: Ownwell
Property Tax Bills Across Columbia, New Hampshire
In Columbia, Coos County, NH, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is an estimation of the property's market value, which is periodically reviewed by local assessors. Factors such as property size, location, and condition significantly influence this assessed value. For homeowners in Columbia, the median home price stands at $49,844. With a property tax rate of 0.99%, the tax bill can vary widely. For example, the 25th percentile tax bill is approximately $557, while the 75th percentile reaches around $1,643. At the 90th percentile, homeowners might pay up to $2,147. These tax bills can have a substantial impact on homeowners, influencing their overall financial planning and housing affordability. Interestingly, the highest and lowest median tax bills in Columbia are both recorded at $763 in the zip code 03576, highlighting a level of consistency in certain areas. Compared to the national median property tax rate, Columbia's rate stands in line, making it neither excessively high nor particularly low.
Average Columbia Tax Bill
$763
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 Columbia, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03576 | $466 | $557 | $763 | $1,643 | $2,147 |
Source: Ownwell