Alexandria, New Hampshire Property Taxes
The median property tax rate in Alexandria, NH is 1.86%, 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 Alexandria at $231,350, the typical annual property tax bill reaches $4,295, exceeding the national median of $2,690. Property taxes in Alexandria 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 Alexandria'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 Alexandria 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
Alexandria, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.86%
Estimate Property Tax Bill
$4,303
Ownwell’s Alexandria Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alexandria with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alexandria 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 Alexandria, New Hampshire
Property taxes in Alexandria, New Hampshire, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alexandria is 1.86%, significantly higher than the U.S. national median of 0.99%. Local government entities within Alexandria set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alexandria 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 Alexandria's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03222 zip code has the highest median property tax rate of 1.86%, while the 03222 zip code also has the lowest median tax rate of 1.86%. Understanding how these cities compare with Alexandria provides valuable insights into the varying tax landscape across Grafton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alexandria Tax Rate
1.86%
Average Grafton County Tax Rate
2.30%
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alexandria, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03222 | 1.86% | 1.86% | 1.86% | 1.87% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Alexandria, New Hampshire
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Alexandria, NH. The market value represents 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 assessment authorities 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 Alexandria, 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 Alexandria helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price is $231,350, with the highest and lowest median tax bills both at $4,295 in the 03222 zip code.
Property Tax Assessment Values Across Alexandria, New Hampshire
Source: Ownwell
$68,590
$368,845
$669,100
Average Alexandria Assessed Value
$231,350
Average Grafton County Assessed Value
$210,700
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alexandria, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03222 | $84,130 | $168,975 | $231,350 | $293,274 | $385,040 |
Source: Ownwell
Property Tax Bills Across Alexandria, New Hampshire
In Alexandria, property tax bills are determined based on the assessed value of a home, which is calculated by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $231,350, homeowners can expect to pay a significant amount in property taxes compared to the national median property tax rate of 0.99%. Factors such as property improvements, market conditions, and neighborhood trends can influence the assessed value. In Alexandria, tax bills can vary widely. The 25th percentile tax bill is around $3,134, while the 75th percentile tax bill reaches approximately $5,446. For those in the 90th percentile, tax bills can soar to about $7,150. These property taxes fund essential community services such as schools, public safety, and infrastructure. Homeowners in Alexandria should be aware of these factors as they can significantly impact their annual expenses and overall cost of living.
Average Alexandria Tax Bill
$4,295
Average Grafton County Tax Bill
$4,270
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across Alexandria, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03222 | $1,569 | $3,134 | $4,295 | $5,446 | $7,150 |
Source: Ownwell