Georges Mills, New Hampshire Property Taxes
The median property tax rate in Georges Mills, NH is 2.05%, 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 Georges Mills at $403,700, the typical annual property tax bill reaches $7,320, far exceeding the national median of $2,690. Property taxes in Georges Mills 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 Georges Mills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Georges Mills 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
Georges Mills, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.05%
Estimate Property Tax Bill
$8,276
Ownwell’s Georges Mills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Georges Mills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Georges Mills 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 Georges Mills, New Hampshire
Property taxes in Georges Mills, 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 Georges Mills is 2.05%, significantly higher than the U.S. national median of 0.99%. Local government entities within Georges Mills set these rates annually, leading to variations across different neighborhoods. Each year, Georges Mills 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 Georges Mills' effective property tax rate to other areas in Sullivan County and the national median. For comparison, the zip code 03751 has both the highest and lowest median property tax rate of 2.05% within the area. Understanding how Georges Mills compares with other regions 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 Georges Mills Tax Rate
2.05%
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 Georges Mills, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03751 | 1.40% | 1.40% | 2.05% | 2.05% | 2.05% |
Source: Ownwell
Property Tax Assessment Values Across Georges Mills, New Hampshire
In Georges Mills, 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 Georges Mills, 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 Georges Mills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Georges Mills is $403,700, with the highest and lowest median tax bills both being $7,320 in the 03751 zip code.
Property Tax Assessment Values Across Georges Mills, New Hampshire
Source: Ownwell
$53,778
$228,739
$403,700
Average Georges Mills Assessed Value
$403,700
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 Georges Mills, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03751 | $231,682 | $280,000 | $403,700 | $821,850 | $888,880 |
Source: Ownwell
Property Tax Bills Across Georges Mills, New Hampshire
In Georges Mills, located in Sullivan County, NH, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor's office, which evaluates the property's market value. This value is then multiplied by the local tax rate to calculate the annual property tax bill. The median home price in Georges Mills is $403,700, which influences the tax amounts homeowners can expect. Several factors contribute to the final tax bill, including property size, location, and any improvements made to the property. Homeowners in Georges Mills experience a range of tax bills, with the 25th percentile at $5,751 and the 75th percentile at $12,100. The highest median tax bill in the area is $7,320. These tax rates can significantly impact homeowners, making it crucial to understand how property values and local tax rates interact. Compared to the national median property tax rate of 0.99%, Georges Mills' rates reflect the local economic conditions and funding requirements for public services.
Average Georges Mills Tax Bill
$7,320
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 Georges Mills, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03751 | $4,759 | $5,751 | $7,320 | $12,100 | $14,111 |
Source: Ownwell