Bethlehem, New Hampshire Property Taxes
The median property tax rate in Bethlehem, NH is 2.39%, 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 Bethlehem, the typical annual property tax bill reaches $3,383, exceeding the national median of $2,690. Property taxes in Bethlehem 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 Bethlehem'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 Bethlehem 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
Bethlehem, 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 Bethlehem Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bethlehem with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bethlehem 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 Bethlehem, New Hampshire
Property taxes in Bethlehem, New Hampshire, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Bethlehem is 2.39%, significantly higher than the U.S. national median of 0.99%. Local government entities within Bethlehem set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bethlehem 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. For comparison, the zip code 03574 has the highest median property tax rate of 2.39%, while the lowest rate is also 2.39%, indicating uniformity in rates across the area. Understanding how these cities compare with Bethlehem provides valuable insights into the varying tax landscape across Grafton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bethlehem Tax Rate
2.39%
Average Grafton County Tax Rate
2.30%
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bethlehem, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03574 | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% |
Source: Ownwell
Property Tax Assessment Values Across Bethlehem, New Hampshire
In Bethlehem, 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 local 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 Bethlehem, 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. The median home price in Bethlehem is $154,500, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $2,353, while the 75th percentile tax bill is $4,580. The highest and lowest median tax bills in Bethlehem are both $3,383, found in the 03574 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Bethlehem, New Hampshire
Source: Ownwell
$68,590
$368,845
$669,100
Average Bethlehem Assessed Value
$154,500
Average Grafton County Assessed Value
$210,700
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bethlehem, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03574 | $61,582 | $109,100 | $154,500 | $211,250 | $267,342 |
Source: Ownwell
Property Tax Bills Across Bethlehem, New Hampshire
In Bethlehem, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Bethlehem, the median home price is $154,500. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in the 25th percentile can expect a tax bill around $2,353, while those in the 75th percentile may see bills as high as $4,580. The 90th percentile tax bill reaches up to $6,370. Comparatively, the highest and lowest median tax bills in the area stand at $3,383, which is significantly higher than the national median property tax rate of 0.99%. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents.
Average Bethlehem Tax Bill
$3,383
Average Grafton County Tax Bill
$4,270
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across Bethlehem, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03574 | $1,464 | $2,353 | $3,383 | $4,580 | $6,370 |
Source: Ownwell