Wentworths Location, New Hampshire Property Taxes
The median property tax rate in Wentworths Location, NH is 0.92%, slightly lower than the national median of 0.99% and significantly below the New Hampshire state median of 1.91%. With a median home value of $32,700, the typical annual property tax bill in Wentworths Location is $301, which is much less than the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Wentworths Location'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 Wentworths Location 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
Wentworths Location, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$301
Ownwell’s Wentworths Location Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wentworths Location with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wentworths Location 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 Wentworths Location, New Hampshire
Property taxes in Wentworths Location, New Hampshire, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wentworths Location is 0.92%, which is lower than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Wentworths Location set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wentworths Location 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 Wentworths Location's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the zip code 03579 has the highest and lowest median property tax rate of 0.92%. Understanding how these areas compare with Wentworths Location 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 Wentworths Location Tax Rate
0.92%
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 Wentworths Location, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03579 | 0.92% | 0.92% | 0.92% | 0.92% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Wentworths Location, New Hampshire
In Wentworths Location, 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 Wentworths Location, 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 Wentworths Location helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $301.00, found in zip code 03579.
Property Tax Assessment Values Across Wentworths Location, New Hampshire
Source: Ownwell
$32,700
$612,630
$1,192,560
Average Wentworths Location Assessed Value
$32,700
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 Wentworths Location, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03579 | $32,700 | $32,700 | $32,700 | $32,700 | $32,700 |
Source: Ownwell
Property Tax Bills Across Wentworths Location, New Hampshire
In Wentworths Location, located in Coos County, NH, property tax bills are calculated based on the assessed value of the home and the local tax rate. The median home price in Wentworths Location is $32,700, which is relatively low compared to national averages. The property tax rate in this area results in a consistent tax bill of $301, regardless of the percentile, indicating a uniform tax system across the board. The tax bill is determined by multiplying the assessed value of the property by the local tax rate. In Wentworths Location, this straightforward calculation ensures that homeowners have predictable tax expenses. Factors such as property improvements, market conditions, and changes in local government budgets can influence the assessed value, thereby affecting the final tax bill. For homeowners, this means that while the tax rate remains stable, any significant changes in their property’s assessed value can lead to adjustments in their annual tax bill. This system provides clarity and predictability, helping homeowners plan their finances more effectively.
Average Wentworths Location Tax Bill
$301
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 Wentworths Location, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03579 | $301 | $301 | $301 | $301 | $301 |
Source: Ownwell