Brookline, New Hampshire Property Taxes
The median property tax rate in Brookline, NH is 2.08%, 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 Brookline at $566,650, the typical annual property tax bill reaches $11,853, far exceeding the national median of $2,690. Property taxes in Brookline 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 Brookline'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 Brookline 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
Brookline, 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 Brookline Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brookline with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brookline 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 Brookline, New Hampshire
Property taxes in Brookline, New Hampshire, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brookline is 2.08%, significantly higher than the U.S. national median of 0.99%. Local government entities within Brookline set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brookline 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 Brookline's effective property tax rate to other areas in New Hampshire and the national median. For comparison, the 03033 zip code has the highest median property tax rate of 2.08%, while the same zip code also has the lowest median tax rate of 2.08%. Understanding how these areas compare with Brookline provides valuable insights into the varying tax landscape across Hillsborough County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brookline Tax Rate
2.08%
Average Hillsborough County Tax Rate
1.89%
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brookline, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03033 | 2.08% | 2.08% | 2.08% | 2.08% | 2.08% |
Source: Ownwell
Property Tax Assessment Values Across Brookline, New Hampshire
In Brookline, 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 Hillsborough 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 Brookline, 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. The median home price here is $566,650, with tax bills ranging from $9,914 at the 25th percentile to $16,122 at the 90th percentile. The highest and lowest median tax bills are both $11,853, found in the 03033 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Property Tax Assessment Values Across Brookline, New Hampshire
Source: Ownwell
$132,100
$14,406,050
$28,680,000
Average Brookline Assessed Value
$566,650
Average Hillsborough County Assessed Value
$355,600
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brookline, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03033 | $364,560 | $469,575 | $566,650 | $663,250 | $773,340 |
Source: Ownwell
Property Tax Bills Across Brookline, New Hampshire
Property tax bills in Brookline, Hillsborough County, NH, are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by local government assessors who evaluate the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors influencing the tax bill include property size, location, and improvements made to the property. Homeowners in Brookline face a median home price of $566,650, with tax bills varying significantly across different percentiles. For instance, at the 25th percentile, the tax bill is approximately $9,914, while at the 75th percentile, it rises to around $13,827. At the 90th percentile, homeowners might see tax bills as high as $16,122. Comparing these figures to the national median property tax rate of 0.99%, it’s evident that Brookline’s property taxes are considerably higher. These higher tax bills can impact homeowners by increasing the overall cost of homeownership, potentially influencing decisions about buying or selling property in the area.
Average Brookline Tax Bill
$11,853
Average Hillsborough County Tax Bill
$6,748
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across Brookline, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03033 | $7,938 | $9,914 | $11,853 | $13,827 | $16,122 |
Source: Ownwell