Charlestown, New Hampshire Property Taxes
The median property tax rate in Charlestown, NH is 3.23%, significantly higher than both the national median of 0.99% and the New Hampshire state median of 1.91%. With the median home value in Charlestown at $135,700, the typical annual property tax bill reaches $4,348, far exceeding the national median of $2,690. Property taxes in Charlestown are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Charlestown's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Charlestown or another part of Sullivan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Charlestown, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.23%
Estimate Property Tax Bill
$4,383
Ownwell’s Charlestown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Charlestown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Charlestown 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 Charlestown, New Hampshire
Property taxes in Charlestown, NH, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Charlestown is 3.23%, significantly higher than the U.S. national median of 0.99%. Local government entities within Charlestown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Charlestown 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 Charlestown's effective property tax rate to other areas in Sullivan County and the national median. For comparison, the 03603 zip code has the highest median property tax rate of 3.23%, while the same zip code also has the lowest median tax rate of 3.23%. Understanding how these areas compare with Charlestown provides valuable insights into the varying tax landscape across Sullivan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Charlestown Tax Rate
3.23%
Average Sullivan County Tax Rate
2.36%
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Charlestown, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03603 | 3.23% | 3.23% | 3.23% | 3.23% | 3.23% |
Source: Ownwell
Property Tax Assessment Values Across Charlestown, New Hampshire
In Charlestown, 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 Sullivan 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 Charlestown, 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 Charlestown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Charlestown are both $4,348, found in zip code 03603.
Property Tax Assessment Values Across Charlestown, New Hampshire
Source: Ownwell
$53,778
$228,739
$403,700
Average Charlestown Assessed Value
$135,700
Average Sullivan County Assessed Value
$185,800
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Charlestown, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03603 | $23,010 | $63,725 | $135,700 | $180,675 | $223,160 |
Source: Ownwell
Property Tax Bills Across Charlestown, New Hampshire
In Charlestown, Sullivan 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 town's assessor 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 tax bill. For example, with a median home price of $135,700, homeowners can expect varying tax bills. The 25th percentile tax bill is $2,073, while the 75th percentile reaches $5,769, and the 90th percentile peaks at $7,086. These tax bills are influenced by factors such as property size, location, and any improvements made to the property. High property taxes can significantly impact homeowners by increasing the cost of owning a home, while lower taxes can provide some financial relief. Compared to the national median property tax rate of 0.99%, Charlestown's property tax rates can be relatively high, reflecting the specific fiscal needs and policies of the local government.
Average Charlestown Tax Bill
$4,348
Average Sullivan County Tax Bill
$4,808
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across Charlestown, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03603 | $768 | $2,073 | $4,348 | $5,769 | $7,086 |
Source: Ownwell