Hales Location, New Hampshire Property Taxes
The median property tax rate in Hales Location, NH is 0.36%, significantly lower than both the national median of 0.99% and the New Hampshire state median of 1.91%. With the median home value in Hales Location at $588,000, the typical annual property tax bill reaches $2,170, which is below the national median of $2,690. Property taxes in Hales Location are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence exemption. Understanding Hales Location'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 Hales Location or another part of Carroll County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hales Location, 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 Hales Location Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hales Location with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hales Location 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 Hales Location, New Hampshire
Property taxes in Hales Location, New Hampshire, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Hales Location is 0.36%, significantly lower than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Hales Location set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hales Location 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 Hales Location's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the highest median property tax rate in the state is considerably higher than Hales Location's, while some areas have rates closer to the national median. Understanding how these cities compare with Hales Location provides valuable insights into the varying tax landscape across Carroll County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hales Location Tax Rate
0.36%
Average Carroll County Tax Rate
1.32%
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hales Location, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03860 | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% |
Source: Ownwell
Property Tax Assessment Values Across Hales Location, New Hampshire
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hales Location, 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 Carroll 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 Hales Location, 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 Hales Location helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 03860 has the highest and lowest median tax bill at $2,170.
Property Tax Assessment Values Across Hales Location, New Hampshire
Source: Ownwell
$127,800
$357,900
$588,000
Average Hales Location Assessed Value
$588,000
Average Carroll County Assessed Value
$256,900
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hales Location, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03860 | $460,700 | $519,400 | $588,000 | $675,500 | $786,600 |
Source: Ownwell
Property Tax Bills Across Hales Location, New Hampshire
In Hales Location, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by local assessors who evaluate various factors such as the property's size, location, and condition. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For homeowners in Hales Location, the tax burden can vary significantly. The 25th percentile tax bill is around $1,875, while the 75th percentile reaches $2,450, and the 90th percentile can be as high as $2,883. These figures indicate a range of tax burdens, reflecting differences in property values and assessments within the area. Compared to the national median property tax rate of 0.99%, Hales Location's property tax rates are relatively moderate. However, for homeowners, these taxes represent a significant annual expense, influencing their overall cost of living and financial planning. Understanding how these taxes are calculated helps homeowners better anticipate and manage their yearly financial obligations.
Average Hales Location Tax Bill
$2,170
Average Carroll County Tax Bill
$3,014
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across Hales Location, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03860 | $1,675 | $1,875 | $2,170 | $2,450 | $2,883 |
Source: Ownwell