Hampton Falls, New Hampshire Property Taxes
The median property tax rate in Hampton Falls, NH is 1.30%, which is considerably higher than the national median of 0.99% but lower than the New Hampshire state median of 1.91%. With the median home value in Hampton Falls at $744,450, the typical annual property tax bill reaches $9,682, significantly exceeding the national median of $2,690. Property taxes in Hampton Falls 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 Hampton Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Hampton Falls 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
Hampton Falls, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$9,678
Ownwell’s Hampton Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hampton Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hampton Falls 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 Hampton Falls, New Hampshire
Property taxes in Hampton Falls, 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 Hampton Falls is 1.30%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Hampton Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hampton Falls 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 Hampton Falls' effective property tax rate to other counties in New Hampshire and the national median. For comparison, the zip code 03844 has both the highest and lowest median property tax rate of 1.30%, illustrating the uniformity in this specific area's tax landscape. Understanding how these cities compare with Hampton Falls 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 Hampton Falls Tax Rate
1.30%
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 Hampton Falls, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03844 | 1.29% | 1.29% | 1.30% | 1.30% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Hampton Falls, New Hampshire
In Hampton Falls, 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 Hampton Falls, 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. The median home price in Hampton Falls is $744,450, with tax bills ranging from $6,649 at the 25th percentile to $16,878 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Hampton Falls, New Hampshire
Source: Ownwell
$275,100
$1,110,250
$1,945,400
Average Hampton Falls Assessed Value
$744,450
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 Hampton Falls, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03844 | $11,720 | $511,800 | $744,450 | $1,004,000 | $1,301,960 |
Source: Ownwell
Property Tax Bills Across Hampton Falls, New Hampshire
In Hampton Falls, located in Rockingham 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 reflects the property's market value. For instance, with a median home price of $744,450, homeowners can expect varying tax bills depending on specific assessments and exemptions. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. In Hampton Falls, property tax bills can range significantly. The 25th percentile tax bill is around $6,649, while the 75th percentile tax bill reaches $13,033. At the higher end, the 90th percentile tax bill is approximately $16,878. These property taxes impact homeowners by contributing to local services such as schools, infrastructure, and public safety. Compared to the national median property tax rate of 0.99%, Hampton Falls residents may experience higher property tax bills, reflecting the area's higher property values and local tax rates.
Average Hampton Falls Tax Bill
$9,682
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 Hampton Falls, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03844 | $174 | $6,649 | $9,682 | $13,033 | $16,878 |
Source: Ownwell