Bridgewater, New Hampshire Property Taxes
The median property tax rate in Bridgewater, NH is 0.83%, which is notably lower than both the national median of 0.99% and the New Hampshire state median of 1.91%. With a median home value of $186,200 in Bridgewater, the typical annual property tax bill amounts to $1,538, falling well below the national median of $2,690. Property taxes in Bridgewater are calculated based on the assessed value, which often is less than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Bridgewater'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 Bridgewater 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
Bridgewater, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$1,545
Ownwell’s Bridgewater Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bridgewater with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bridgewater 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 Bridgewater, New Hampshire
Property taxes in Bridgewater, NH, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Bridgewater is 1.95%, significantly higher than both the New Hampshire state median of 2.18% and the U.S. national median of 0.99%. Local government entities within Bridgewater set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bridgewater 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 Bridgewater's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03222 zip code has the highest median property tax rate of 1.95%, while the 03222 zip code also has the lowest median tax rate of 1.95%. Understanding how these cities compare with Bridgewater 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 Bridgewater Tax Rate
0.83%
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 Bridgewater, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03222 | 0.83% | 0.83% | 0.83% | 0.83% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Bridgewater, New Hampshire
In Bridgewater, 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 Bridgewater, 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 Bridgewater helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Grafton County, the highest median tax bill can be found in the 03222 zip code, amounting to $1,538, while the lowest is also in the 03222 zip code, reflecting the same value.
Property Tax Assessment Values Across Bridgewater, New Hampshire
Source: Ownwell
$68,590
$368,845
$669,100
Average Bridgewater Assessed Value
$186,200
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 Bridgewater, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03222 | $60,400 | $77,600 | $186,200 | $250,700 | $367,960 |
Source: Ownwell
Property Tax Bills Across Bridgewater, New Hampshire
In Bridgewater, NH, 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 example, with a median home price of $186,200, homeowners can expect varying tax bills depending on the specific assessment and applicable exemptions. In Bridgewater, the 25th percentile tax bill is around $641, while the 75th percentile reaches approximately $2,071, and the 90th percentile can be as high as $3,040. Compared to the national median property tax rate of 0.99%, Bridgewater’s property taxes reflect the local economic conditions and public service funding needs. Homeowners in this area need to consider these factors as they impact their overall financial planning and long-term investment in their property. The highest and lowest median tax bills in the region are both $1,538, indicating a relatively consistent tax environment within the zip code 03222 in Grafton County.
Average Bridgewater Tax Bill
$1,538
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 Bridgewater, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03222 | $499 | $641 | $1,538 | $2,071 | $3,040 |
Source: Ownwell