Bradford, New Hampshire Property Taxes
The median property tax rate in Bradford, NH is 2.47%, 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 Bradford, the typical annual property tax bill reaches $5,659, exceeding the national median of $2,690. Property taxes in Bradford 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 Bradford'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 Bradford 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
Bradford, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.47%
Estimate Property Tax Bill
$5,736
Ownwell’s Bradford Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and prospective buyers to estimate their annual property taxes in Bradford. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Bradford to project your property tax obligation. This valuable resource provides clear insight into potential tax liabilities, allowing you to budget more effectively. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property's assessed value, determined by Merrimack County, forms the basis for property tax calculations, incorporating any applicable exemptions.
Property Tax Rates Across Bradford, New Hampshire
Property taxes in Bradford, New Hampshire, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bradford is 2.47%, significantly higher than the U.S. national median of 0.99%. Local government entities within Bradford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bradford 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 Bradford's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03221 zip code has both the highest and lowest median property tax rate of 2.47%. Understanding how these cities compare with Bradford 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 Bradford Tax Rate
2.47%
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 Bradford, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03221 | 2.42% | 2.42% | 2.47% | 2.47% | 2.47% |
Source: Ownwell
Property Tax Assessment Values Across Bradford, New Hampshire
In Bradford, 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 Bradford, 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. For instance, the highest median tax bill in Bradford is $5,659 in the 03221 zip code, which is also the lowest median tax bill, indicating uniformity in tax assessments. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bradford Assessed Value
$232,237
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 Bradford, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03221 | $115,178 | $180,228 | $232,237 | $299,222 | $381,048 |
Source: Ownwell
Property Tax Bills Across Bradford, New Hampshire
In Bradford, property tax bills are calculated based on the assessed value of a property and the local tax rate set by Merrimack County. Homeowners in Bradford face a median property tax rate that can significantly impact their annual expenses. The assessed value is determined by local assessors who evaluate the property’s market value, considering factors such as location, size, and condition. For instance, with the median home price in Bradford at $232,237, homeowners can expect varying tax bills. The 25th percentile tax bill is $4,388, while the 75th percentile tax bill reaches $7,297. At the higher end, the 90th percentile tax bill can go up to $9,373. These figures illustrate the range of property tax burdens that homeowners might encounter, depending on their property's assessed value and specific characteristics. Comparatively, the national median property tax rate is 0.99%, making it essential for Bradford homeowners to understand how local rates and assessments could influence their overall financial planning and homeownership costs.
Average Bradford Tax Bill
$5,659
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 Bradford, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03221 | $2,821 | $4,388 | $5,659 | $7,297 | $9,373 |
Source: Ownwell