Roxbury, New Hampshire Property Taxes
The median property tax rate in Roxbury, NH is 2.41%, significantly higher than both the national median of 0.99% and New Hampshire's state median of 1.91%. With a median home value of $177,500 in Roxbury, the typical annual property tax bill reaches $4,283, far exceeding the national median of $2,690. Property taxes in Roxbury are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Roxbury'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 Roxbury 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
Roxbury, 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 Roxbury Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roxbury with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roxbury 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 Roxbury, New Hampshire
Property taxes in Roxbury, 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 Roxbury is 2.41%, significantly higher than the U.S. national median of 0.99%. Local government entities within Roxbury set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roxbury 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 Roxbury's effective property tax rate to other areas in Cheshire County and the national median. For comparison, the 03431 zip code has both the highest and lowest median property tax rate of 2.41%. Understanding how these cities compare with Roxbury 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 Roxbury Tax Rate
2.41%
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 Roxbury, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03431 | 2.41% | 2.41% | 2.41% | 2.41% | 2.41% |
Source: Ownwell
Property Tax Assessment Values Across Roxbury, New Hampshire
In Roxbury, 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 Roxbury, 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 Roxbury helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 03431 has the highest and lowest median tax bills, both at $4,283.
Average Roxbury Assessed Value
$177,500
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 Roxbury, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03431 | $100,420 | $146,978 | $177,500 | $242,650 | $334,445 |
Source: Ownwell
Property Tax Bills Across Roxbury, New Hampshire
In Roxbury, Cheshire County, NH, property tax bills are calculated based on the assessed value of a home and the local tax rate. Homeowners in Roxbury face property tax bills that can vary significantly depending on their property's assessed value. For example, the median home price in the area is $177,500. The tax bill for the 25th percentile is $3,546, while the 75th percentile tax bill is $5,855, and the 90th percentile reaches up to $8,070. These figures are influenced by several factors, including the property's location within the county, the quality of local services, and the overall budgetary needs of the municipality. Homeowners with properties in the zip code 03431 experience the highest median tax bill at $4,283, which is substantially higher than the national median property tax rate of 0.99%. This can significantly impact homeowners' finances, making it crucial to understand how their property is assessed and how the tax rate is applied.
Average Roxbury Tax Bill
$4,283
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 Roxbury, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03431 | $2,423 | $3,546 | $4,283 | $5,855 | $8,070 |
Source: Ownwell