Pembroke, New Hampshire Property Taxes
The median property tax rate in Pembroke, NH is 2.49%, 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 Pembroke at $242,200, the typical annual property tax bill reaches $6,032, far exceeding the national median of $2,690. Property taxes in Pembroke are calculated based on the tax assessed value, which typically falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Pembroke'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 Pembroke 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
Pembroke, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.49%
Estimate Property Tax Bill
$6,031
Ownwell’s Pembroke Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pembroke with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pembroke 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 Pembroke, New Hampshire
Property taxes in Pembroke, New Hampshire, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pembroke is 2.49%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Pembroke set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pembroke 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 Pembroke's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the ZIP code 03275 has the highest median property tax rate of 2.49%, while the lowest median tax rate in the same ZIP code is also 2.49%. Understanding how these cities compare with Pembroke 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 Pembroke Tax Rate
2.49%
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 Pembroke, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03275 | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% |
Source: Ownwell
Property Tax Assessment Values Across Pembroke, New Hampshire
In Pembroke, 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 Pembroke, 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. Pembroke has a median home price of $242,200, with tax bills ranging from $5,132 at the 25th percentile to $8,643 at the 90th percentile. The highest and lowest median tax bills are both $6,032 in the 03275 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pembroke Assessed Value
$242,200
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 Pembroke, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03275 | $158,190 | $205,875 | $242,200 | $286,325 | $347,100 |
Source: Ownwell
Property Tax Bills Across Pembroke, New Hampshire
Property tax bills in Pembroke, Merrimack County, NH, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the town's assessor and reflects the property's market value. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual tax bill. In Pembroke, homeowners face a median tax bill of $6,032, significantly higher than the national median property tax rate of 0.99%. Factors such as property size, location, and condition play a crucial role in determining the assessed value. For example, a property with a median home price of $242,200 can expect varying tax bills, with the 25th percentile at $5,132 and the 75th percentile reaching $7,130. This disparity shows how individual property characteristics can influence tax obligations. High property taxes can impact homeowners by increasing the overall cost of owning a home, potentially affecting affordability and long-term financial planning.
Average Pembroke Tax Bill
$6,032
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 Pembroke, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03275 | $3,941 | $5,132 | $6,032 | $7,130 | $8,643 |
Source: Ownwell