Winchester, New Hampshire Property Taxes
The median property tax rate in Winchester, NH is 2.87%, 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 Winchester at $134,200, the typical annual property tax bill reaches $3,840, exceeding the national median of $2,690. Property taxes in Winchester 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 Winchester'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 Winchester 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
Winchester, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.87%
Estimate Property Tax Bill
$3,852
Ownwell’s Winchester Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Winchester with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Winchester to provide an accurate property tax bill estimate. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by Cheshire County for tax purposes and includes any applicable exemptions.
Property Tax Rates Across Winchester, New Hampshire
Property taxes in Winchester, 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 Winchester is 2.87%, significantly higher than the U.S. national median of 0.99%. Local government entities within Winchester set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winchester 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 Winchester's effective property tax rate to other areas in Cheshire County and the national median. For comparison, the zip code 03470 has the highest median property tax rate of 2.87%, while the lowest median tax rate is also 2.87% in the same zip code. Understanding how these values compare with Winchester 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 Winchester Tax Rate
2.87%
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 Winchester, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03470 | 2.87% | 2.87% | 2.87% | 2.87% | 2.87% |
Source: Ownwell
Property Tax Assessment Values Across Winchester, New Hampshire
In Winchester, 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. Assessment notices in Winchester 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 Winchester helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 03470 has both the highest and lowest median tax bills, recorded at $3,840.
Property Tax Assessment Values Across Winchester, New Hampshire
Source: Ownwell
$134,200
$264,050
$393,900
Average Winchester Assessed Value
$134,200
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 Winchester, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03470 | $17,840 | $66,380 | $134,200 | $184,361 | $242,400 |
Source: Ownwell
Property Tax Bills Across Winchester, New Hampshire
In Winchester, 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 local assessors who evaluate the property's market worth. Winchester's property tax rate is notably higher than the national median of 0.99%, resulting in significant tax bills for homeowners. Several factors influence the tax bill, including the property's location within the county, its assessed value, and any applicable exemptions. For instance, in Winchester, the median home price is $134,200, leading to a wide range of tax bills. Homeowners in the 25th percentile can expect to pay around $1,900, while those in the 75th percentile face bills as high as $5,284. The top 10% of homeowners might see tax bills reaching $6,957. This substantial variation in tax bills can significantly impact homeowners, affecting their overall financial planning and home affordability. The highest and lowest median tax bills in the area both stand at $3,840, highlighting the diverse economic landscape within the same zip code.
Average Winchester Tax Bill
$3,840
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 Winchester, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03470 | $512 | $1,900 | $3,840 | $5,284 | $6,957 |
Source: Ownwell