Waterville Valley, New Hampshire Property Taxes
The median property tax rate in Waterville Valley, NH is 1.06%, which is higher than the national median of 0.99% but lower than the New Hampshire state median of 1.91%. With the median home value in Waterville Valley at $297,600, the typical annual property tax bill reaches $3,155, surpassing the national median of $2,690. Property taxes in Waterville Valley are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Waterville Valley'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 Waterville Valley 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
Waterville Valley, 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 Waterville Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Waterville Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Waterville Valley 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 Waterville Valley, New Hampshire
Property taxes in Waterville Valley, New Hampshire, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Waterville Valley is 1.06%, significantly higher than the U.S. national median of 0.99%. Local government entities within Waterville Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Waterville Valley 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 Waterville Valley's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03215 zip code has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Waterville Valley 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 Waterville Valley Tax Rate
1.06%
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 Waterville Valley, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03215 | 1.06% | 1.06% | 1.06% | 1.06% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Waterville Valley, New Hampshire
In Waterville Valley, 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 Waterville Valley, 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. The median home price in Waterville Valley is $297,600, with the highest median tax bill at $3,155 in zip code 03215. 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 Waterville Valley, New Hampshire
Source: Ownwell
$68,590
$368,845
$669,100
Average Waterville Valley Assessed Value
$297,600
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 Waterville Valley, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03215 | $119,400 | $196,500 | $297,600 | $429,700 | $721,200 |
Source: Ownwell
Property Tax Bills Across Waterville Valley, New Hampshire
In Waterville Valley, located in Grafton County, NH, property tax bills are determined based on the assessed value of your home. The assessment process involves evaluating your property's market value, which is then multiplied by the local tax rate to calculate your annual tax bill. Factors such as property size, location, and market conditions play significant roles in determining the assessed value. Homeowners in Waterville Valley can expect a wide range in tax bills. For instance, the 25th percentile tax bill is around $2,083, while the 75th percentile reaches up to $4,554. At the higher end, the 90th percentile tax bill can be as much as $7,645. These variations reflect differences in property values and individual assessments. The median home price in Waterville Valley is $297,600, and the median property tax bill stands at $3,155, which is notably higher than the national median property tax rate of 0.99%. This can significantly impact homeowners, influencing their overall cost of living and financial planning.
Average Waterville Valley Tax Bill
$3,155
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 Waterville Valley, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03215 | $1,266 | $2,083 | $3,155 | $4,554 | $7,645 |
Source: Ownwell