Sugar Hill, New Hampshire Property Taxes
The median property tax rate in Sugar Hill, NH is 2.05%, 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 Sugar Hill, the typical annual property tax bill reaches $6,445, exceeding the national median of $2,690. Property taxes in Sugar Hill 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 Sugar Hill'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 Sugar Hill 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
Sugar Hill, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.05%
Estimate Property Tax Bill
$6,439
Ownwell’s Sugar Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sugar Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sugar Hill 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 Sugar Hill, New Hampshire
Property taxes in Sugar Hill, New Hampshire, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sugar Hill is 2.05%, significantly higher than the U.S. national median of 0.99%. Local government entities within Sugar Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sugar Hill 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 Sugar Hill's effective property tax rate to other areas in Grafton County and the national median. For comparison, the zip code 03586 has the highest median property tax rate of 2.05%, while the same zip code also has the lowest median tax rate of 2.05%. Understanding how these areas compare with Sugar Hill 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 Sugar Hill Tax Rate
2.05%
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 Sugar Hill, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03586 | 2.05% | 2.05% | 2.05% | 2.05% | 2.05% |
Source: Ownwell
Property Tax Assessment Values Across Sugar Hill, New Hampshire
In Sugar Hill, 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 Sugar Hill, 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 Sugar Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $6,445, found in the 03586 zip code.
Property Tax Assessment Values Across Sugar Hill, New Hampshire
Source: Ownwell
$68,590
$368,845
$669,100
Average Sugar Hill Assessed Value
$314,100
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 Sugar Hill, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03586 | $163,120 | $224,600 | $314,100 | $417,300 | $526,761 |
Source: Ownwell
Property Tax Bills Across Sugar Hill, New Hampshire
In Sugar Hill, property tax bills are determined by the assessed value of a home combined with the local tax rate. The median home price in this city stands at $314,100, and the property tax rate in Grafton County is notably higher than the national median property tax rate of 0.99%. This results in significant tax bills for homeowners. For instance, the 25th percentile tax bill is $4,609, while the 75th percentile reaches $8,584, and the 90th percentile can be as high as $10,865. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. Homeowners in Sugar Hill can expect their tax bills to be among the highest in the region, with the highest median tax bill recorded at $6,445 in the 03586 zip code. These substantial tax obligations can impact household budgets, making it crucial for homeowners to understand the assessment process and explore potential exemptions to mitigate costs.
Average Sugar Hill Tax Bill
$6,445
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 Sugar Hill, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03586 | $3,400 | $4,609 | $6,445 | $8,584 | $10,865 |
Source: Ownwell