Woodstock, New Hampshire Property Taxes
The median property tax rate in Woodstock, NH is 1.84%, 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 Woodstock, the typical annual property tax bill reaches $3,533, exceeding the national median of $2,690. Property taxes in Woodstock 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 Woodstock'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 Woodstock 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
Woodstock, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.84%
Estimate Property Tax Bill
$3,536
Ownwell’s Woodstock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Woodstock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Woodstock 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 Woodstock, New Hampshire
Property taxes in Woodstock, New Hampshire, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Woodstock is 1.84%, significantly higher than the U.S. national median of 0.99%. Local government entities within Woodstock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woodstock 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 Woodstock's effective property tax rate to other areas in Grafton County and the national median. For comparison, the 03293 zip code has the highest median property tax rate of 1.84%, while the same zip code also has the lowest median tax rate of 1.84%. Understanding how these areas compare with Woodstock 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 Woodstock Tax Rate
1.84%
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 Woodstock, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03293 | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across Woodstock, New Hampshire
In Woodstock, 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 Woodstock, 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 Woodstock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Woodstock is $192,200, with tax bills ranging from $3,350 at the 25th percentile to $6,247 at the 90th percentile. The highest and lowest median tax bill is $3,533 in zip code 03293.
Property Tax Assessment Values Across Woodstock, New Hampshire
Source: Ownwell
$68,590
$368,845
$669,100
Average Woodstock Assessed Value
$192,200
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 Woodstock, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03293 | $157,960 | $182,250 | $192,200 | $273,900 | $339,860 |
Source: Ownwell
Property Tax Bills Across Woodstock, New Hampshire
In Woodstock, NH, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Woodstock, the median home price is $192,200. Property tax bills can vary significantly, with the 25th percentile paying around $3,350, while those in the 75th percentile face bills up to $5,034. The highest tax bills, in the 90th percentile, can reach $6,247. Several factors influence these tax bills, including the property's location, size, and condition. These taxes fund essential community services such as schools, infrastructure, and emergency services. Comparatively, Woodstock's property tax rates are higher than the national median property tax rate of 0.99%, making it crucial for homeowners to understand their assessments to manage their financial planning effectively. This ensures they can anticipate and budget for their annual property tax obligations.
Average Woodstock Tax Bill
$3,533
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 Woodstock, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03293 | $2,903 | $3,350 | $3,533 | $5,034 | $6,247 |
Source: Ownwell