Holderness, New Hampshire Property Taxes
The median property tax rate in Holderness, NH is 0.90%, slightly lower than the national median of 0.99% and significantly below the New Hampshire state median of 1.91%. With the median home value in Holderness at $288,610, the typical annual property tax bill amounts to $2,594, which is below the national median of $2,690. Property taxes in Holderness are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Holderness'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 Holderness 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
Holderness, 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 Holderness Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Holderness with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Holderness 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 Holderness, New Hampshire
Property taxes in Holderness, New Hampshire, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Holderness is 0.90%, slightly lower than the U.S. national median of 0.99%. Local government entities within Holderness set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holderness 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 Holderness's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03245 zip code has both the highest and lowest median property tax rate of 0.90%. Understanding how these cities compare with Holderness provides valuable insights into the varying tax landscape across Belknap County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Holderness Tax Rate
0.90%
Average Belknap County Tax Rate
1.48%
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Holderness, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03245 | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Holderness, New Hampshire
In Holderness, 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 local 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 Holderness, 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. The median home price in Holderness is $288,610, and tax bills can vary significantly. For instance, the 25th percentile tax bill is $2,241, while the 75th percentile is $2,948, and the 90th percentile is $3,160. Notably, the zip code 03245 has the highest and lowest median tax bill, both at $2,594. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Holderness, New Hampshire
Source: Ownwell
$180,762
$809,631
$1,438,500
Average Holderness Assessed Value
$288,610
Average Belknap County Assessed Value
$267,900
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Holderness, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03245 | $225,642 | $249,255 | $288,610 | $327,965 | $351,578 |
Source: Ownwell
Property Tax Bills Across Holderness, New Hampshire
In Holderness, property tax bills are calculated based on the assessed value of a property and the local tax rate set by Belknap County. The tax bill is determined by multiplying the assessed value by the tax rate, which is influenced by the county's budgetary needs and the total assessed value of all properties within the jurisdiction. Factors such as property size, location, and condition play a significant role in determining the assessed value. For homeowners in Holderness, the median home price is $288,610. The property tax rate in Belknap County leads to a median tax bill of approximately $2,594. This can vary significantly, with the 25th percentile tax bill at $2,241 and the 75th percentile reaching $2,948. At the 90th percentile, homeowners might see tax bills as high as $3,160. These property taxes can impact homeowners' budgets and influence decisions on property investments and improvements. Understanding these factors helps residents anticipate and manage their annual property tax obligations.
Average Holderness Tax Bill
$2,594
Average Belknap County Tax Bill
$4,251
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across Holderness, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03245 | $2,028 | $2,241 | $2,594 | $2,948 | $3,160 |
Source: Ownwell