Strafford, New Hampshire Property Taxes
The median property tax rate in Strafford, NH is 1.71%, 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 Strafford at $332,600, the typical annual property tax bill reaches $5,697, exceeding the national median of $2,690. Property taxes in Strafford 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 Strafford'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 Strafford 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
Strafford, 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 Strafford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Strafford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Strafford 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 Strafford, New Hampshire
Property taxes in Strafford, NH, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Strafford is 1.71%, significantly higher than the U.S. national median of 0.99%. Local government entities within Strafford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Strafford 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 Strafford's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the zip code 03884 has the highest median property tax rate of 1.71%, while the same zip code also has the lowest median tax rate of 1.71%. Understanding how these cities compare with Strafford provides valuable insights into the varying tax landscape across Strafford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Strafford Tax Rate
1.71%
Average Strafford County Tax Rate
2.42%
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Strafford, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03884 | 1.71% | 1.71% | 1.71% | 1.71% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Strafford, New Hampshire
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Strafford, 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 local appraisal authority 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 Strafford, 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 Strafford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Strafford are both $5697, found in zip code 03884.
Property Tax Assessment Values Across Strafford, New Hampshire
Source: Ownwell
$171,300
$291,125
$410,950
Average Strafford Assessed Value
$332,600
Average Strafford County Assessed Value
$262,600
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Strafford, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03884 | $197,500 | $263,650 | $332,600 | $419,650 | $604,800 |
Source: Ownwell
Property Tax Bills Across Strafford, New Hampshire
In Strafford, NH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area is $332,600. Tax assessors evaluate properties to determine their assessed value, which is then multiplied by the local tax rate to calculate the annual tax bill. This rate is influenced by various factors, including local government budgets, public services, and school funding needs. Homeowners in Strafford experience a range of property tax bills. For instance, the tax bill at the 25th percentile is $4,522, while at the 75th percentile, it rises to $7,188. At the 90th percentile, homeowners can expect a tax bill of $10,360. The highest median tax bill in the area is $5,697, which is consistent across different zip codes, such as 03884. Compared to the national median property tax rate of 0.99%, homeowners in Strafford may find their property tax bills to be relatively high. This can significantly impact household budgets, requiring careful financial planning to manage these expenses.
Average Strafford Tax Bill
$5,697
Average Strafford County Tax Bill
$5,998
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across Strafford, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03884 | $3,383 | $4,522 | $5,697 | $7,188 | $10,360 |
Source: Ownwell