Intervale, New Hampshire Property Taxes
The median property tax rate in Intervale, NH is 0.50%, 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 Intervale at $381,200, the typical annual property tax bill comes to $2,156, which is below the national median of $2,690. Property taxes in Intervale are calculated based on the assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Intervale'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 Intervale or another part of Carroll County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Intervale, 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 Intervale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Intervale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Intervale 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 Intervale, New Hampshire
Property taxes in Intervale, New Hampshire, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Intervale is 0.50%, which is lower than the U.S. national median of 0.99%. Local government entities within Intervale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Intervale 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 Intervale's effective property tax rate to other regions in Carroll County and the national median. For comparison, the zip code 03845 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 figures compare with Intervale 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 Intervale 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 Intervale, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03845 | 0.50% | 0.50% | 0.50% | 0.50% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Intervale, New Hampshire
In Intervale, 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 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 Intervale, 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 Intervale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both stand at $2,156 in the zip code 03845, reflecting a consistent property tax scenario in the area.
Property Tax Assessment Values Across Intervale, New Hampshire
Source: Ownwell
$127,800
$357,900
$588,000
Average Intervale Assessed Value
$381,200
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 Intervale, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03845 | $184,400 | $270,600 | $381,200 | $494,250 | $615,900 |
Source: Ownwell
Property Tax Bills Across Intervale, New Hampshire
In Intervale, located in Carroll County, NH, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners can expect their tax bill to be influenced by several factors, including the property's size, location, and condition. For instance, with a median home price of $381,200 in Intervale, the tax bills can vary significantly. Homeowners at the 25th percentile pay around $1,528, while those at the 75th percentile face bills of approximately $2,784. At the 90th percentile, tax bills can reach up to $3,936. These tax bills are crucial for homeowners as they directly impact annual budgeting and financial planning. Compared to the national median property tax rate of 0.99%, the rates in Intervale can be seen as relatively moderate, though they still represent a significant annual expense for property owners.
Average Intervale Tax Bill
$2,156
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 Intervale, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03845 | $1,053 | $1,528 | $2,156 | $2,784 | $3,936 |
Source: Ownwell