Rye Beach, New Hampshire Property Taxes
The median property tax rate in Rye Beach, NH is 0.70%, considerably lower than both the national median of 0.99% and the New Hampshire state median of 1.91%. With the median home value in Rye Beach at $1,945,400, the typical annual property tax bill reaches $13,579, significantly exceeding the national median of $2,690. Property taxes in Rye Beach 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 Rye Beach'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 Rye Beach 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
Rye Beach, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$13,618
Ownwell’s Rye Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rye Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rye Beach 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 Rye Beach, New Hampshire
Property taxes in Rye Beach, New Hampshire, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rye Beach is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Rye Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rye Beach 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 Rye Beach's effective property tax rate to other areas in Rockingham County and the national median. For comparison, the zip code 03871 has both the highest and lowest median property tax rate of 0.70%. Understanding how these areas compare with Rye Beach 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 Rye Beach Tax Rate
0.70%
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 Rye Beach, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03871 | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Rye Beach, New Hampshire
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Rye Beach, New Hampshire. 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 Rye Beach, 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 Rye Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 03871, with a median tax bill of $13,579.
Property Tax Assessment Values Across Rye Beach, New Hampshire
Source: Ownwell
$275,100
$1,110,250
$1,945,400
Average Rye Beach Assessed Value
$1,945,400
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 Rye Beach, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03871 | $1,069,140 | $1,451,550 | $1,945,400 | $2,613,400 | $3,733,100 |
Source: Ownwell
Property Tax Bills Across Rye Beach, New Hampshire
In Rye Beach, located in Rockingham County, NH, property tax bills are calculated based on the assessed value of a home and the local tax rate. Homeowners in this region experience varying tax bills, significantly influenced by their property's assessed value. For instance, the median home price in Rye Beach is $1,945,400. The property tax rate in this area is higher than the national median of 0.99%, which results in substantial tax bills for homeowners. The tax bill for the 25th percentile is $10,132, while those in the 75th percentile face a tax bill of $18,242. Homeowners at the 90th percentile see even higher bills, reaching up to $26,057. These figures reflect how property taxes can significantly impact household budgets. Factors such as property size, location, and market conditions are considered during the assessment process. Understanding these elements can help homeowners anticipate their tax liabilities and plan accordingly, ensuring they are prepared for the financial responsibilities of property ownership in Rye Beach.
Average Rye Beach Tax Bill
$13,579
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 Rye Beach, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03871 | $7,462 | $10,132 | $13,579 | $18,242 | $26,057 |
Source: Ownwell