Northumberland, New Hampshire Property Taxes
The median property tax rate in Northumberland, NH is 3.31%, significantly higher than both the national median of 0.99% and New Hampshire's state median of 1.91%. With the median home value in Northumberland, the typical annual property tax bill reaches $1,124, which is still below the national median of $2,690. Property taxes in Northumberland are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Northumberland'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 Northumberland 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
Northumberland, 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 Northumberland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Northumberland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Northumberland 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 Northumberland, New Hampshire
Property taxes in Northumberland, NH, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Northumberland is 3.31%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Northumberland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Northumberland 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 Northumberland's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03582 zip code has both the highest and lowest median property tax rate of 3.31%. Understanding how these cities compare with Northumberland 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 Northumberland Tax Rate
3.31%
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 Northumberland, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03582 | 3.31% | 3.31% | 3.31% | 3.31% | 3.31% |
Source: Ownwell
Property Tax Assessment Values Across Northumberland, New Hampshire
In Northumberland, 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 Northumberland, 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 Northumberland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area, both at $1,124, can be found in the 03582 zip code.
Property Tax Assessment Values Across Northumberland, New Hampshire
Source: Ownwell
$32,700
$612,630
$1,192,560
Average Northumberland Assessed Value
$34,000
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 Northumberland, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03582 | $15,856 | $22,237 | $34,000 | $47,000 | $62,846 |
Source: Ownwell
Property Tax Bills Across Northumberland, New Hampshire
In Northumberland, Coos County, NH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The process begins with the local government assessing the market value of a property. This assessed value is then multiplied by the property tax rate to determine the annual tax bill. For instance, if a home is assessed at $34,000, the tax bill will reflect a percentage of this value according to the local rate. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Homeowners in Northumberland can expect tax bills to vary significantly. The 25th percentile tax bill is around $735, while the 75th percentile reaches up to $1,554. At the 90th percentile, homeowners may see bills as high as $2,078. These variations highlight the importance of understanding local property assessments and tax rates. Compared to the national median property tax rate of 0.99%, Northumberland's rates can significantly impact the financial planning of homeowners.
Average Northumberland Tax Bill
$1,124
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 Northumberland, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03582 | $524 | $735 | $1,124 | $1,554 | $2,078 |
Source: Ownwell