Jefferson, New Hampshire Property Taxes
The median property tax rate in Jefferson, NH is 1.86%, 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 Jefferson at $186,500, the typical annual property tax bill reaches $3,461, exceeding the national median of $2,690. Property taxes in Jefferson 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 Jefferson'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 Jefferson 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
Jefferson, 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 Jefferson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jefferson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jefferson 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 Jefferson, New Hampshire
Property taxes in Jefferson, 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 Jefferson is 1.86%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Jefferson set these rates annually, and they can vary across different neighborhoods. Each year, Jefferson 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 Jefferson's effective property tax rate to other areas in New Hampshire and the national median. For comparison, the 03583 ZIP code has the highest median property tax rate of 1.86%, while the lowest median tax rate is also 1.86%. Understanding how these areas compare with Jefferson 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 Jefferson Tax Rate
1.86%
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 Jefferson, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03583 | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Jefferson, New Hampshire
In Jefferson, 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 Jefferson, 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 Jefferson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in the area is $3,461, found in the 03583 zip code.
Property Tax Assessment Values Across Jefferson, New Hampshire
Source: Ownwell
$32,700
$612,630
$1,192,560
Average Jefferson Assessed Value
$186,500
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 Jefferson, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03583 | $79,080 | $131,250 | $186,500 | $252,054 | $330,921 |
Source: Ownwell
Property Tax Bills Across Jefferson, New Hampshire
In Jefferson, located in Coos County, NH, property tax bills are calculated based on the assessed value of a home and the local tax rate. Homeowners in Jefferson typically face a median property tax rate that aligns with New Hampshire's overall high rates, significantly above the national median of 0.99%. For instance, the 25th percentile of tax bills in Jefferson is around $2,430, while the 75th percentile reaches $4,665, and the top 10% of tax bills can soar to $6,142. The assessed value of a property is determined by local assessors who evaluate various factors such as the home's size, location, and condition. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners, this means that higher property values or improvements can lead to increased tax bills, impacting their overall financial planning. The highest and lowest median tax bills in Jefferson both stand at $3,461, indicating a consistent tax rate across different property values within the area.
Average Jefferson Tax Bill
$3,461
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 Jefferson, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03583 | $1,452 | $2,430 | $3,461 | $4,665 | $6,142 |
Source: Ownwell