Whitefield, New Hampshire Property Taxes
The median property tax rate in Whitefield, NH is 2.39%, 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 Whitefield at $196,750, the typical annual property tax bill reaches $4,700, exceeding the national median of $2,690. Property taxes in Whitefield 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 Whitefield'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 Whitefield 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
Whitefield, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.39%
Estimate Property Tax Bill
$4,702
Ownwell’s Whitefield Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Whitefield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whitefield to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Whitefield, New Hampshire
Property taxes in Whitefield, New Hampshire, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whitefield is 2.39%, significantly higher than the U.S. national median of 0.99%. Local government entities within Whitefield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whitefield 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 Whitefield's effective property tax rate to other areas in New Hampshire and the national median. For comparison, the 03598 zip code has a median property tax rate of 2.39%. Understanding how these areas compare with Whitefield 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 Whitefield Tax Rate
2.39%
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 Whitefield, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03598 | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% |
Source: Ownwell
Property Tax Assessment Values Across Whitefield, New Hampshire
In Whitefield, 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 Whitefield, 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 Whitefield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Whitefield are both $4,700, specifically in the 03598 zip code.
Property Tax Assessment Values Across Whitefield, New Hampshire
Source: Ownwell
$68,590
$368,845
$669,100
Average Whitefield Assessed Value
$196,750
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 Whitefield, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03598 | $187,910 | $191,225 | $196,750 | $202,275 | $205,590 |
Source: Ownwell
Property Tax Bills Across Whitefield, New Hampshire
In Whitefield, NH, property tax bills are calculated based on the assessed value of a property and the local tax rate set by the county. The assessed value is determined by local assessors who evaluate the property's market value. Factors such as the property's size, location, and condition are considered in this assessment. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. Homeowners in Whitefield face property tax bills that can vary significantly. For instance, the tax bill at the 25th percentile is $4,568, while at the 75th percentile, it rises to $4,832. The 90th percentile tax bill reaches $4,911. These figures reflect the range of property values and the corresponding taxes in the area. Comparatively, the national median property tax rate is 0.99%, making Whitefield's tax environment relatively high. This high tax burden can impact homeowners by increasing their annual expenses, potentially affecting their overall financial planning and housing affordability.
Average Whitefield Tax Bill
$4,700
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 Whitefield, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03598 | $4,489 | $4,568 | $4,700 | $4,832 | $4,911 |
Source: Ownwell