Warner, New Hampshire Property Taxes
The median property tax rate in Warner, NH is 2.73%, 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 Warner, the typical annual property tax bill reaches $5,446, exceeding the national median of $2,690. Property taxes in Warner 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 Warner'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 Warner 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
Warner, 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 Warner Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Warner with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Warner 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 Warner, New Hampshire
Property taxes in Warner, NH, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Warner is 2.73%, significantly higher than the U.S. national median of 0.99%. Local government entities within Warner set these rates annually, and they can vary significantly across different neighborhoods. Each year, Warner 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 Warner's effective property tax rate to other areas in Merrimack County and the national median. For comparison, the zip code 03278 has both the highest and lowest median property tax rate of 2.73%. Understanding how these areas compare with Warner 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 Warner Tax Rate
2.73%
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 Warner, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03278 | 2.42% | 2.73% | 2.73% | 2.73% | 2.73% |
Source: Ownwell
Property Tax Assessment Values Across Warner, New Hampshire
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Warner, NH. 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 Warner, 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 in Warner is $207,620, with tax bills ranging from $3,991 at the 25th percentile to $8,646 at the 90th percentile. The highest and lowest median tax bills are both $5,446 in the 03278 zip code. 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 Warner helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Warner Assessed Value
$207,620
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 Warner, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03278 | $78,716 | $149,235 | $207,620 | $269,990 | $332,909 |
Source: Ownwell
Property Tax Bills Across Warner, New Hampshire
In Warner, located in Merrimack County, NH, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by local government assessors who evaluate the market value of properties. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Warner, the median home price is $207,620. Tax bills can vary significantly, with the 25th percentile at $3,991 and the 75th percentile at $6,971. The 90th percentile reaches up to $8,646. These figures indicate that Warner's property tax rates are notably higher than the national median property tax rate of 0.99%. This higher tax burden can impact homeowners by increasing their annual expenses, which can be a significant consideration for those looking to buy or sell property in the area. Understanding these factors is crucial for effective financial planning and property management.
Average Warner Tax Bill
$5,446
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 Warner, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03278 | $2,159 | $3,991 | $5,446 | $6,971 | $8,646 |
Source: Ownwell