Dummer, New Hampshire Property Taxes
The median property tax rate in Dummer, NH is 1.81%, which is considerably higher than the national median of 0.99% but slightly lower than the New Hampshire state median of 1.91%. With a median home value of $123,928 in Dummer, the typical annual property tax bill reaches $2,243, which is below the national median of $2,690. Property taxes in Dummer 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 Dummer'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 Dummer 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
Dummer, 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 Dummer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dummer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dummer 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 Dummer, New Hampshire
Property taxes in Dummer, New Hampshire, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Dummer is 1.81%, significantly higher than the U.S. national median of 0.99%. Local government entities within Dummer set these rates annually, and they can vary across different neighborhoods. Each year, Dummer 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 Dummer's effective property tax rate to other areas in Coos County and the national median. For comparison, the zip code 03588 has the highest median property tax rate of 1.81%, while the same zip code also has the lowest median tax rate of 1.81%. Understanding how these areas compare with Dummer 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 Dummer Tax Rate
1.81%
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 Dummer, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03588 | 1.81% | 1.81% | 1.81% | 1.81% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Dummer, New Hampshire
In Dummer, 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 Coos 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 Dummer, 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 Dummer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 03588, with an annual tax bill of $2,243.
Average Dummer Assessed Value
$123,928
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 Dummer, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03588 | $44,860 | $74,025 | $123,928 | $172,991 | $228,488 |
Source: Ownwell
Property Tax Bills Across Dummer, New Hampshire
In Dummer, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area is $123,928, which is used as a basis for determining property taxes. The tax rate in Coos County is applied to the assessed value to generate the annual tax bill. For example, homeowners in the 25th percentile can expect to pay around $1,340 annually, while those in the 75th percentile might pay closer to $3,131. At the 90th percentile, tax bills can reach up to $4,136. Several factors influence these tax amounts, including property size, location, and any applicable exemptions. The highest median tax bill in the area is $2,243, which is consistent across the zip code 03588. Compared to the national median property tax rate of 0.99%, Dummer's rates reflect the local economic conditions and property values. These taxes fund essential community services, impacting the overall quality of life for homeowners.
Average Dummer Tax Bill
$2,243
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 Dummer, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03588 | $812 | $1,340 | $2,243 | $3,131 | $4,136 |
Source: Ownwell