Franconia, New Hampshire Property Taxes
The median property tax rate in Franconia, NH is 1.22%, 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 Franconia at $387,100, the typical annual property tax bill reaches $4,723, exceeding the national median of $2,690. Property taxes in Franconia 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 Franconia'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 Franconia 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
Franconia, 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 Franconia Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Franconia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Franconia 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 Franconia, New Hampshire
Property taxes in Franconia, New Hampshire, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Franconia is 1.22%, significantly higher than the U.S. national median of 0.99%. Local government entities within Franconia set these rates annually, and they can vary across different neighborhoods. Each year, Franconia 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 Franconia's effective property tax rate to other areas and the national median. For comparison, the zip code 03580 has the highest median property tax rate of 1.22%, while the same zip code also has the lowest median tax rate of 1.22%. Understanding how these figures compare with Franconia 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 Franconia Tax Rate
1.22%
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 Franconia, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03580 | 1.22% | 1.22% | 1.22% | 1.22% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Franconia, New Hampshire
In Franconia, 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 Grafton 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 Franconia, 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 Franconia 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 $4,723, found in the 03580 zip code, reflecting the uniformity in tax assessments within this area.
Property Tax Assessment Values Across Franconia, New Hampshire
Source: Ownwell
$68,590
$368,845
$669,100
Average Franconia Assessed Value
$387,100
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 Franconia, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03580 | $168,720 | $281,450 | $387,100 | $521,562 | $711,220 |
Source: Ownwell
Property Tax Bills Across Franconia, New Hampshire
In Franconia, NH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Franconia is $387,100, which serves as a reference point for determining property taxes. Homeowners in Franconia can expect their tax bills to vary significantly depending on their property's assessed value and specific location within the county. For example, the 25th percentile tax bill is $3,420, while the 75th percentile tax bill is $6,363, and the 90th percentile tax bill reaches up to $8,677. These figures illustrate the range of property tax burdens within the area. The highest and lowest median tax bills in Franconia are both recorded at $4,723, specifically in the 03580 zip code, indicating a consistent tax rate within that region. Compared to the national median property tax rate of 0.99%, Franconia's tax rates reflect the local economic conditions and funding requirements for community services. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Franconia Tax Bill
$4,723
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 Franconia, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03580 | $2,058 | $3,420 | $4,723 | $6,363 | $8,677 |
Source: Ownwell