Andover, New Hampshire Property Taxes
The median property tax rate in Andover, NH is 2.12%, 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 Andover, the typical annual property tax bill reaches $4,739, exceeding the national median of $2,690. Property taxes in Andover 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 Andover'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 Andover 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
Andover, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.12%
Estimate Property Tax Bill
$4,741
Ownwell’s Andover Property Tax Bill Calculator provides an easy way for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Andover using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Andover to give you a clear estimate of your property tax bill. This valuable 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 Andover, New Hampshire
Property taxes in Andover, 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 Andover is 2.12%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Andover set these rates annually, and they can vary significantly across different neighborhoods. Each year, Andover 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 Andover's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03216 zip code has the highest and lowest median property tax rate of 2.12%. Understanding how these cities compare with Andover provides valuable insights into the varying tax landscape across Merrimack County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Andover Tax Rate
2.12%
Average Merrimack County Tax Rate
2.44%
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Andover, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03216 | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% |
Source: Ownwell
Property Tax Assessment Values Across Andover, New Hampshire
In Andover, 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 Merrimack 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 Andover, 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 Andover helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Andover is $4739 in the 03216 zip code, while the lowest median tax bill is also $4739 in the same zip code.
Average Andover Assessed Value
$223,650
Average Merrimack County Assessed Value
$264,400
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Andover, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03216 | $130,910 | $173,425 | $223,650 | $289,650 | $374,470 |
Source: Ownwell
Property Tax Bills Across Andover, New Hampshire
In Andover, Merrimack County, NH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local tax assessor and is intended to reflect the market value of the property. Homeowners in Andover can expect a median property tax bill of $4,739, which is higher than the national median property tax rate of 0.99%. Factors such as property size, location, and condition influence the assessed value, which in turn affects the tax bill. For instance, the 25th percentile tax bill is $3,674, while the 75th percentile tax bill reaches $6,115, indicating a broad range in tax obligations. At the 90th percentile, the tax bill can be as high as $7,878. These figures illustrate how property taxes can significantly impact homeowners, depending on their property's assessed value. Understanding these factors can help homeowners anticipate their property tax liabilities and plan their finances accordingly.
Average Andover Tax Bill
$4,739
Average Merrimack County Tax Bill
$6,194
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across Andover, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03216 | $2,774 | $3,674 | $4,739 | $6,115 | $7,878 |
Source: Ownwell