Walpole, New Hampshire Property Taxes
The median property tax rate in Walpole, NH is 1.63%, 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 Walpole at $393,900, the typical annual property tax bill reaches $6,432, exceeding the national median of $2,690. Property taxes in Walpole 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 Walpole'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 Walpole 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
Walpole, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.63%
Estimate Property Tax Bill
$6,421
Ownwell’s Walpole Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Walpole with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Walpole 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 Walpole, New Hampshire
Property taxes in Walpole, New Hampshire, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Walpole is 1.63%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Walpole set these rates annually, and they can vary across different neighborhoods. Each year, Walpole 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 Walpole's effective property tax rate to other areas in Cheshire County and the national median. For comparison, the zip code 03608 has the highest median property tax rate of 1.63%, while the same zip code also has the lowest median tax rate of 1.63%. Understanding how these areas compare with Walpole 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 Walpole Tax Rate
1.63%
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 Walpole, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03608 | 1.63% | 1.63% | 1.63% | 1.63% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Walpole, New Hampshire
Understanding the difference between "market value" and "assessed value" is essential for comprehending property taxes in Walpole, New Hampshire. The market value represents 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 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 Walpole, 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Walpole, the highest and lowest median tax bill is $6,432 in the 03608 zip code.
Average Walpole Assessed Value
$393,900
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 Walpole, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03608 | $235,773 | $301,000 | $393,900 | $513,218 | $699,240 |
Source: Ownwell
Property Tax Bills Across Walpole, New Hampshire
In Walpole, Cheshire County, NH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the town's assessor, who evaluates the property’s market value. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Factors influencing the tax bill include the property's location, size, condition, and market trends. Homeowners in Walpole face varying tax burdens, with bills ranging from $4,916 at the 25th percentile to $11,419 at the 90th percentile. The median home price in Walpole is $393,900, and the median property tax bill is $6,432. This is significantly higher than the national median property tax rate of 0.99%. High property taxes can impact homeowners by increasing the cost of owning a home, potentially affecting affordability and long-term financial planning. Understanding these factors is crucial for homeowners to manage their finances effectively.
Average Walpole Tax Bill
$6,432
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 Walpole, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03608 | $3,850 | $4,916 | $6,432 | $8,381 | $11,419 |
Source: Ownwell