Shelburne, New Hampshire Property Taxes
The median property tax rate in Shelburne, NH is 1.53%, 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 Shelburne, the typical annual property tax bill reaches $2,944, exceeding the national median of $2,690. Property taxes in Shelburne 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 Shelburne'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 Shelburne 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
Shelburne, 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 Shelburne Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shelburne with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shelburne 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 Shelburne, New Hampshire
Property taxes in Shelburne, 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 Shelburne is 1.53%, significantly higher than the U.S. national median of 0.99%. Local government entities within Shelburne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shelburne 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 Shelburne's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the zip code 03581 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 Shelburne 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 Shelburne 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 Shelburne, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03581 | 1.53% | 1.53% | 1.53% | 1.53% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Shelburne, New Hampshire
In Shelburne, 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 Shelburne, 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 Shelburne helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Shelburne stands at $190,550, with annual tax bills ranging from $1,667 at the 25th percentile to $4,867 at the 90th percentile. The highest and lowest median tax bills are both $2,944 in the zip code 03581.
Property Tax Assessment Values Across Shelburne, New Hampshire
Source: Ownwell
$32,700
$612,630
$1,192,560
Average Shelburne Assessed Value
$190,550
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 Shelburne, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03581 | $7,800 | $105,450 | $190,550 | $256,975 | $318,500 |
Source: Ownwell
Property Tax Bills Across Shelburne, New Hampshire
In Shelburne, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Shelburne is $190,550, which serves as a starting point for determining the assessed value. The local property tax rate is applied to this assessed value to calculate the annual tax bill. Various factors, such as property size, location, and improvements, also influence the assessment. Homeowners in Shelburne experience a range of tax bills. For example, the 25th percentile tax bill is $1,667, while the 75th percentile tax bill is $3,960, and the 90th percentile reaches up to $4,867. These figures highlight the variability in tax burdens depending on property characteristics and valuations. Compared to the national median property tax rate of 0.99%, Shelburne's tax bills reflect the specific economic and real estate conditions of Coos County. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan accordingly.
Average Shelburne Tax Bill
$2,944
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 Shelburne, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03581 | $134 | $1,667 | $2,944 | $3,960 | $4,867 |
Source: Ownwell