Harts Location, New Hampshire Property Taxes
The median property tax rate in Harts Location, NH is 0.50%, considerably lower than both the national median of 0.99% and the New Hampshire state median of 1.91%. With the median home value in Harts Location, the typical annual property tax bill reaches $1,714, which is significantly less than the national median of $2,690. Property taxes in Harts Location 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 Harts Location'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 Harts Location 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
Harts Location, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.5%
Estimate Property Tax Bill
$1,982
Ownwell’s Harts Location Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harts Location with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harts 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 Harts Location, New Hampshire
Property taxes in Harts Location, 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 Harts Location is 0.50%, which is lower than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Harts Location set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harts 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 Harts Location's effective property tax rate to other areas in New Hampshire and the national median. For comparison, the zip code 03812 has the highest median property tax rate of 0.50%, while the same zip code also has the lowest median tax rate of 0.50%. Understanding how these areas compare with Harts 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 Harts Location Tax Rate
0.50%
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 Harts Location, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03812 | 0.42% | 0.42% | 0.50% | 0.50% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Harts Location, New Hampshire
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Harts 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. 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 Harts Location helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median home price here is $396,300, with property tax bills ranging from $1,306 at the 25th percentile to $4,522 at the 90th percentile. The zip code 03812 holds both the highest and lowest median tax bill, each at $1,714.
Property Tax Assessment Values Across Harts Location, New Hampshire
Source: Ownwell
$127,800
$357,900
$588,000
Average Harts Location Assessed Value
$396,300
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 Harts Location, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03812 | $207,040 | $311,700 | $396,300 | $531,800 | $909,780 |
Source: Ownwell
Property Tax Bills Across Harts Location, New Hampshire
In Harts Location, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined by local assessors who evaluate the property's market value. For instance, with a median home price of $396,300, the tax bill varies significantly across different percentiles. Homeowners in the 25th percentile can expect a tax bill around $1,306, while those in the 75th percentile face a higher bill of approximately $2,643. At the 90th percentile, the tax burden can reach up to $4,522. These property tax rates and bills impact homeowners by influencing their annual financial obligations. The assessed value, which may not always align with market value, can fluctuate based on various factors such as property improvements or changes in the local real estate market. Compared to the national median property tax rate of 0.99%, Harts Location's tax rates can be a significant consideration for potential homeowners evaluating the overall cost of living in the area.
Average Harts Location Tax Bill
$1,714
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 Harts Location, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03812 | $867 | $1,306 | $1,714 | $2,643 | $4,522 |
Source: Ownwell