Derry, New Hampshire Property Taxes
The median property tax rate in Derry, NH is 1.90%, slightly below the state median of 1.91% but significantly higher than the national median of 0.99%. With a median home value of $374,800, the typical annual property tax bill in Derry reaches $7,150, far exceeding the national median of $2,690. Property taxes in Derry are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Navigating Derry's property tax system, exploring available exemptions, and finding opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Derry or another part of Rockingham County, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Derry, 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 Derry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Derry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Derry 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 Derry, New Hampshire
Property taxes in Derry, New Hampshire, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Derry is 1.90%, significantly higher than the U.S. national median of 0.99%. Local government entities within Derry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Derry 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 Derry's effective property tax rate to other areas in Rockingham County and the national median. For comparison, the 03038 zip code has the highest median property tax rate of 1.90%, while the same zip code also has the lowest median tax rate of 1.90%. Understanding how these areas compare with Derry provides valuable insights into the varying tax landscape across Rockingham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Derry Tax Rate
1.90%
Average Rockingham County Tax Rate
1.90%
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Derry, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03038 | 1.90% | 1.90% | 1.90% | 1.90% | 1.90% |
Source: Ownwell
Property Tax Assessment Values Across Derry, New Hampshire
In Derry, 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 Rockingham 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 Derry, 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 Derry helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 03038 has both the highest and lowest median tax bill, standing at $7,150.
Property Tax Assessment Values Across Derry, New Hampshire
Source: Ownwell
$275,100
$1,110,250
$1,945,400
Average Derry Assessed Value
$374,800
Average Rockingham County Assessed Value
$373,900
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Derry, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03038 | $151,700 | $284,025 | $374,800 | $451,975 | $550,050 |
Source: Ownwell
Property Tax Bills Across Derry, New Hampshire
In Derry, 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 Rockingham County assessor's office and is meant to reflect the market value of the property. The local tax rate is applied to this assessed value to calculate the annual property tax bill. For instance, with a median home price of $374,800, homeowners in Derry can expect varying tax bills depending on the specifics of their property. Factors influencing the tax bill include the property's location within the county, any applicable exemptions, and the overall budget needs of local services such as schools and emergency services. Homeowners in Derry see a range in their tax bills, from the 25th percentile at $5,442 to the 90th percentile at $10,491. The highest and lowest median tax bills in the area are both $7,150, reflecting a consistent tax environment. Compared to the national median property tax rate of 0.99%, Derry's rates can significantly impact household budgets, making it crucial for homeowners to understand their property assessments and tax liabilities.
Average Derry Tax Bill
$7,150
Average Rockingham County Tax Bill
$6,989
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across Derry, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03038 | $2,959 | $5,442 | $7,150 | $8,618 | $10,491 |
Source: Ownwell