Union, New Hampshire Property Taxes
The median property tax rate in Union, NH is 2.61%, 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 Union at $171,500, the typical annual property tax bill reaches $4,474, exceeding the national median of $2,690. Property taxes in Union 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 Union'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 Union 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
Union, 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 UNION Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential property buyers looking to estimate their annual property taxes in UNION. By simply inputting your property's estimated assessed value, the calculator uses the median tax rate in UNION to provide an accurate estimate of your property tax bill. This valuable tool offers insight into potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax calculations, accounting for any applicable exemptions.
Property Tax Rates Across Union, New Hampshire
Property taxes in Union, NH, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Union is 2.61%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Union set these rates annually, and they can vary significantly across different neighborhoods. Each year, Union 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 Union's effective property tax rate to other areas in New Hampshire and the national median. For comparison, the 03887 zip code has the highest median property tax rate of 2.61%, while the same zip code also has the lowest median tax rate of 2.61%. Understanding how these areas compare with Union 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 Union Tax Rate
2.61%
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 Union, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03887 | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% |
Source: Ownwell
Property Tax Assessment Values Across Union, New Hampshire
In Union, 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 Strafford 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 Union, 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 Union 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 Union are both $4,474, found in zip code 03887.
Average Union Assessed Value
$171,500
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 Union, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03887 | $89,300 | $111,800 | $171,500 | $241,000 | $287,700 |
Source: Ownwell
Property Tax Bills Across Union, New Hampshire
In Union, located in Strafford 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 assessor and reflects the property's market value. Homeowners in Union face a median property tax bill of $4,474, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's size, location, and market conditions. For example, homes in the 25th percentile have tax bills around $2,917, while those in the 75th percentile see bills as high as $6,288. At the 90th percentile, tax bills can reach up to $7,506. These property taxes fund essential local services such as schools, public safety, and infrastructure. High property taxes can impact homeowners by increasing their annual expenses, but they also contribute to the overall quality of life in the community by supporting these vital services.
Average Union Tax Bill
$4,474
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 Union, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03887 | $2,330 | $2,917 | $4,474 | $6,288 | $7,506 |
Source: Ownwell