Haverhill, New Hampshire Property Taxes
The median property tax rate in Haverhill, NH is 2.49%, 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 Haverhill at $143,700, the typical annual property tax bill reaches $3,577, exceeding the national median of $2,690. Property taxes in Haverhill 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 Haverhill'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 Haverhill 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
Haverhill, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.49%
Estimate Property Tax Bill
$3,578
Ownwell’s Haverhill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Haverhill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Haverhill 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 Haverhill, New Hampshire
Property taxes in Haverhill, New Hampshire, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Haverhill is 2.49%, significantly higher than the U.S. national median of 0.99%. Local government entities within Haverhill set these rates annually, and they can vary across different neighborhoods. Each year, Haverhill 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 Haverhill's effective property tax rate to other areas in New Hampshire and the national median. For comparison, the 03765 zip code has the same median property tax rate of 2.49%. Understanding how these areas compare with Haverhill 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 Haverhill Tax Rate
2.49%
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 Haverhill, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03765 | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% |
Source: Ownwell
Property Tax Assessment Values Across Haverhill, New Hampshire
In Haverhill, 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 Haverhill, 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. For instance, the median home price in Haverhill is $143,700, with tax bills ranging from $2,365 at the 25th percentile to $6,046 at the 90th percentile. The zip code 03765 has both the highest and lowest median tax bill of $3,577. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Haverhill, New Hampshire
Source: Ownwell
$68,590
$368,845
$669,100
Average Haverhill Assessed Value
$143,700
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 Haverhill, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03765 | $43,100 | $95,000 | $143,700 | $188,400 | $242,920 |
Source: Ownwell
Property Tax Bills Across Haverhill, New Hampshire
In Haverhill, NH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners in Haverhill can expect a median home price of $143,700, which serves as a basis for calculating their property tax. The tax bill is influenced by several factors, including property size, location, and improvements. For instance, the tax bill at the 25th percentile is $2,365, while at the 75th percentile, it rises to $4,689. At the 90th percentile, homeowners may see tax bills as high as $6,046. These property taxes fund essential community services such as schools, emergency services, and infrastructure maintenance. With the national median property tax rate at 0.99%, the property tax rate in Grafton County, where Haverhill is located, can significantly impact homeowners' annual expenses, making it crucial for them to understand how their tax bills are determined and what factors contribute to the final amount.
Average Haverhill Tax Bill
$3,577
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 Haverhill, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03765 | $1,073 | $2,365 | $3,577 | $4,689 | $6,046 |
Source: Ownwell