Washington, New Hampshire Property Taxes
The median property tax rate in Washington, NH is 1.63%, which is considerably higher than the national median of 0.99% but below the New Hampshire state median of 1.91%. With the median home value in Washington at $227,250, the typical annual property tax bill reaches $3,711, exceeding the national median of $2,690. Property taxes in Washington 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 Washington'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 Washington or another part of Cheshire County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Washington, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.63%
Estimate Property Tax Bill
$3,704
-$38,820
Ownwell’s Washington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Washington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Washington 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 Washington, New Hampshire
Property taxes in Washington, 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 Washington is 1.63%, significantly higher than the U.S. national median of 0.99%. Local government entities within Washington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Washington 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 Washington's effective property tax rate to other areas in Cheshire County and the national median. For comparison, the zip code 03280 has the highest median property tax rate of 1.63%, while the same zip code also represents the lowest median tax rate of 1.63%. Understanding how these cities compare with Washington 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 Washington 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 Washington, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03280 | 1.63% | 1.63% | 1.63% | 1.63% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Washington, New Hampshire
In Washington, 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 Washington, 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 Washington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 03280 has the highest median tax bill at $3,711.
Property Tax Assessment Values Across Washington, New Hampshire
Source: Ownwell
$134,200
$264,050
$393,900
Average Washington Assessed Value
$227,250
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 Washington, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03280 | $145,126 | $203,280 | $227,250 | $290,750 | $347,258 |
Source: Ownwell
Property Tax Bills Across Washington, New Hampshire
In Washington, Cheshire County, NH, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with the median home price in Washington being $227,250, homeowners can expect their tax bill to vary significantly. The tax bill for the 25th percentile is approximately $3,320, while those in the 75th percentile pay around $4,748. At the 90th percentile, the tax bill can reach up to $5,670. This means that homeowners with higher-valued properties are subject to higher tax bills, reflecting the progressive nature of property taxes in the area. The national median property tax rate is 0.99%, but local rates and property values can cause significant variations in tax bills. In Washington, the highest and lowest median tax bill both stand at $3,711, emphasizing the uniformity in tax assessments within the zip code 03280.
Average Washington Tax Bill
$3,711
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 Washington, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03280 | $2,370 | $3,320 | $3,711 | $4,748 | $5,670 |
Source: Ownwell