Randolph, New Hampshire Property Taxes
The median property tax rate in Randolph, NH is 1.69%, 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 Randolph at $201,550, the typical annual property tax bill reaches $3,410, exceeding the national median of $2,690. Property taxes in Randolph 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 Randolph'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 Randolph 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
Randolph, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.69%
Estimate Property Tax Bill
$3,406
Ownwell’s Randolph Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Randolph using just two key data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Randolph to provide an estimate of your property tax bill. This powerful tool helps you understand your potential tax liabilities. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is the figure assigned by Coos County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Randolph, New Hampshire
Property taxes in Randolph, New Hampshire, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Randolph is 1.69%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Randolph set these rates annually, and they can vary across different neighborhoods. Each year, Randolph 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 Randolph's effective property tax rate to other areas in Coos County and the national median. For comparison, the 03593 zip code has both the highest and lowest median property tax rate in Randolph, at 1.69%. Understanding how these values compare with Randolph 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 Randolph Tax Rate
1.69%
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 Randolph, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03593 | 1.69% | 1.69% | 1.69% | 1.69% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Randolph, New Hampshire
In Randolph, 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 Randolph, 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 Randolph helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Randolph, the zip code 03593 has both the highest and lowest median tax bill at $3,410.
Property Tax Assessment Values Across Randolph, New Hampshire
Source: Ownwell
$32,700
$612,630
$1,192,560
Average Randolph Assessed Value
$201,550
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 Randolph, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03593 | $95,080 | $145,050 | $201,550 | $275,175 | $346,700 |
Source: Ownwell
Property Tax Bills Across Randolph, New Hampshire
In Randolph, located in Coos County, NH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the city’s assessor, who evaluates the property’s market value. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $201,550, homeowners in Randolph can expect varying tax bills. The 25th percentile tax bill is around $2,454, while the 75th percentile tax bill can go up to $4,656. At the 90th percentile, the tax bill reaches approximately $5,867. The highest and lowest median tax bill in the area is $3,410, specific to the 03593 zip code. These property taxes significantly impact homeowners by contributing to local services such as schools, public safety, and infrastructure. Comparatively, Randolph's property tax rates can be higher than the national median property tax rate of 0.99%, influencing the overall cost of homeownership in the area.
Average Randolph Tax Bill
$3,410
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 Randolph, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03593 | $1,608 | $2,454 | $3,410 | $4,656 | $5,867 |
Source: Ownwell