Francestown, New Hampshire Property Taxes
The median property tax rate in Francestown, NH is 2.79%, significantly higher than both the national median of 0.99% and the New Hampshire state median of 1.91%. With the median home value in Francestown at $263,600, the typical annual property tax bill reaches $7,349, far exceeding the national median of $2,690. Property taxes in Francestown are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Francestown'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 Francestown or another part of Hillsborough County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Francestown, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.79%
Estimate Property Tax Bill
$7,354
Ownwell’s Francestown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Francestown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Francestown 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 Francestown, New Hampshire
Property taxes in Francestown, New Hampshire, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Francestown is 2.79%, significantly higher than the U.S. national median of 0.99%. Local government entities within Francestown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Francestown 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. Understanding how these cities compare with Francestown 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 Francestown Tax Rate
2.79%
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 Francestown, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03043 | 2.79% | 2.79% | 2.79% | 2.79% | 2.79% |
Source: Ownwell
Property Tax Assessment Values Across Francestown, New Hampshire
In Francestown, 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 Francestown, 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 Francestown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Francestown are both $7349, with the zip code 03043.
Property Tax Assessment Values Across Francestown, New Hampshire
Source: Ownwell
$132,100
$14,406,050
$28,680,000
Average Francestown Assessed Value
$263,600
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 Francestown, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03043 | $144,580 | $205,775 | $263,600 | $335,775 | $419,187 |
Source: Ownwell
Property Tax Bills Across Francestown, New Hampshire
In Francestown, NH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Francestown is $263,600, and this value plays a crucial role in determining the tax bill. Property taxes are influenced by various factors, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For homeowners in Francestown, the tax bill can vary significantly. The 25th percentile tax bill is $5,752, while the 75th percentile tax bill is $9,362. Homeowners in the 90th percentile can expect a tax bill around $11,687. These figures indicate a wide range in tax liabilities, reflecting differences in property values and individual circumstances. Compared to the national median property tax rate of 0.99%, Francestown's rates can be considered relatively high, with the highest median tax bill in the area being $7,349. This substantial tax burden can significantly impact homeowners, influencing their financial planning and long-term investment in their properties.
Average Francestown Tax Bill
$7,349
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 Francestown, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03043 | $4,031 | $5,752 | $7,349 | $9,362 | $11,687 |
Source: Ownwell