Colebrook, New Hampshire Property Taxes
The median property tax rate in Colebrook, NH is 2.44%, 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 Colebrook at $88,100, the typical annual property tax bill reaches $1,778, exceeding the national median of $2,690. Property taxes in Colebrook are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Colebrook'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 Colebrook or another part of Coos County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Colebrook, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.44%
Estimate Property Tax Bill
$2,150
Ownwell’s Colebrook Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Colebrook with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Colebrook 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 Colebrook, New Hampshire
Property taxes in Colebrook, 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 Colebrook is 2.44%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Colebrook set these rates annually, and they can vary significantly across different neighborhoods. Each year, Colebrook 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 Colebrook's effective property tax rate to other areas in Coos County and the national median. For comparison, the 03576 zip code has the highest median property tax rate of 2.44%, while the same zip code also has the lowest median tax rate of 2.44%. Understanding how these values compare with Colebrook provides valuable insights into the varying tax landscape across Coos County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Colebrook Tax Rate
2.44%
Average Coos County Tax Rate
2.43%
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Colebrook, New Hampshire
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
03576 | 0.73% | 1.53% | 2.44% | 2.83% | 2.83% |
Source: Ownwell
Property Tax Assessment Values Across Colebrook, New Hampshire
In Colebrook, 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 local 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 Colebrook, 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. For example, the highest and lowest median tax bills in Colebrook are both $1,778 in the 03576 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Colebrook, New Hampshire
Source: Ownwell
$32,700
$612,630
$1,192,560
Average Colebrook Assessed Value
$88,100
Average Coos County Assessed Value
$128,700
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Colebrook, New Hampshire
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
03576 | $22,900 | $40,850 | $88,100 | $152,300 | $210,592 |
Source: Ownwell
Property Tax Bills Across Colebrook, New Hampshire
In Colebrook, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Colebrook is $88,100. The assessed value, determined by the town’s assessor, is a critical factor. This value is then multiplied by the local tax rate to calculate the annual tax bill. For instance, homeowners in the 25th percentile of tax bills pay around $688, while those in the 75th percentile pay approximately $3,296. At the higher end, the 90th percentile tax bill reaches $4,795. These property tax bills can significantly affect homeowners, as they directly impact the cost of owning a home. In Colebrook, the highest and lowest median tax bills are both $1,778, which is above the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Colebrook Tax Bill
$1,778
Average Coos County Tax Bill
$2,848
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across Colebrook, New Hampshire
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
03576 | $224 | $688 | $1,778 | $3,296 | $4,795 |
Source: Ownwell