Errol, New Hampshire Property Taxes
The median property tax rate in Errol, NH is 1.32%, which is significantly higher than the national median of 0.99% but lower than New Hampshire's state median of 1.91%. With a median home value of $142,500 in Errol, the typical annual property tax bill amounts to $1,874, which is below the national median of $2,690. Property taxes in Errol are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence exemption. Understanding Errol'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 Errol 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
Errol, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$1,881
Ownwell’s Errol Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Errol with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Errol 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 Errol, New Hampshire
Property taxes in Errol, New Hampshire, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Errol is 1.32%, significantly higher than the U.S. national median of 0.99%. Local government entities within Errol set these rates annually, and they can vary significantly across different neighborhoods. Each year, Errol 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 Errol's effective property tax rate to other areas in Coos County and the national median. For comparison, the zip code 03579 has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these areas compare with Errol 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 Errol Tax Rate
1.32%
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 Errol, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03579 | 1.31% | 1.31% | 1.32% | 1.32% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Errol, New Hampshire
In Errol, 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 Errol, 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 Errol helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 03579, with a median tax bill of $1,874.
Average Errol Assessed Value
$142,500
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 Errol, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03579 | $32,180 | $73,300 | $142,500 | $199,150 | $253,332 |
Source: Ownwell
Property Tax Bills Across Errol, New Hampshire
In Errol, property tax bills are determined based on the assessed value of a home and the local tax rate. The assessed value is an estimate of the property's market value, which is periodically evaluated by local assessors. This value is then multiplied by the local property tax rate to calculate the annual tax bill. Several factors influence the assessed value, including the property's size, age, location, and condition. For homeowners in Errol, the median home price stands at $142,500, which significantly impacts the tax bill. The 25th percentile tax bill is around $964, while the 75th percentile tax bill reaches $2,619. For those at the higher end, the 90th percentile tax bill can be as high as $3,331. Comparatively, Errol's property tax rate is higher than the national median property tax rate of 0.99%, making it essential for homeowners to be aware of these costs. Understanding these factors helps residents plan for their financial obligations and potentially seek appeals or exemptions to lower their tax burden.
Average Errol Tax Bill
$1,874
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 Errol, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03579 | $423 | $964 | $1,874 | $2,619 | $3,331 |
Source: Ownwell