Keene, New Hampshire Property Taxes
The median property tax rate in Keene, NH is 3.10%, 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 Keene, the typical annual property tax bill reaches $6,343, exceeding the national median of $2,690. Property taxes in Keene 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 Keene'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 Keene 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
Keene, 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 Keene Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Keene using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Keene 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 Cheshire County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Keene, New Hampshire
Property taxes in Keene, New Hampshire, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Keene is 3.10%, significantly higher than the U.S. national median of 0.99%. Local government entities within Keene set these rates annually, and they can vary significantly across different neighborhoods. Each year, Keene 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 Keene's effective property tax rate to other areas and the national median. For comparison, the zip code 03431 has the highest median property tax rate of 3.10%, which is also the lowest rate recorded in the area. Understanding how these figures compare with Keene provides valuable insights into the varying tax landscape across Cheshire County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Keene Tax Rate
3.10%
Average Cheshire County Tax Rate
2.60%
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Keene, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03431 | 3.10% | 3.10% | 3.10% | 3.10% | 3.10% |
Source: Ownwell
Property Tax Assessment Values Across Keene, New Hampshire
In Keene, 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 Cheshire 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 Keene, 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 Keene helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Keene are both $6,343, found in the 03431 zip code.
Average Keene Assessed Value
$205,000
Average Cheshire County Assessed Value
$207,690
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Keene, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03431 | $129,000 | $169,700 | $205,000 | $254,000 | $331,500 |
Source: Ownwell
Property Tax Bills Across Keene, New Hampshire
In Keene, Cheshire County, NH, property tax bills are calculated based on the assessed value of a home and the local tax rate. Home assessments are determined by the city's assessors who evaluate the property's market value. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For example, a median home priced at $205,000 would see varying tax bills depending on the assessed value and specific tax rate applied. Homeowners in Keene typically face tax bills ranging from the 25th percentile at $5,250 to the 75th percentile at $7,844, with some reaching up to the 90th percentile at $10,224. Given that the national median property tax rate is 0.99%, Keene's property tax rates can significantly impact homeowners, often resulting in higher-than-average tax bills. The highest and lowest median tax bills in Keene are both reported at $6,343, indicating a consistent tax burden across different areas within the city. This consistency ensures that homeowners have a predictable tax environment, although it may still be higher compared to the national average.
Average Keene Tax Bill
$6,343
Average Cheshire County Tax Bill
$5,311
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across Keene, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03431 | $3,990 | $5,250 | $6,343 | $7,844 | $10,224 |
Source: Ownwell