Bristol, New Hampshire Property Taxes
The median property tax rate in Bristol, NH is 2.10%, 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 Bristol, the typical annual property tax bill reaches $3,712, exceeding the national median of $2,690. Property taxes in Bristol 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 Bristol'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 Bristol 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
Bristol, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.1%
Estimate Property Tax Bill
$4,311
Ownwell’s Bristol Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bristol with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bristol 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 Bristol, New Hampshire
Property taxes in Bristol, NH, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bristol is 2.10%, significantly higher than the U.S. national median of 0.99%. Local government entities within Bristol set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bristol 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. Understanding how Bristol's effective property tax rate compares to other regions 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 Bristol Tax Rate
2.10%
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 Bristol, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03222 | 0.83% | 1.86% | 2.10% | 2.10% | 2.10% |
Source: Ownwell
Property Tax Assessment Values Across Bristol, New Hampshire
In Bristol, 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 Bristol, 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 Bristol helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 03222 in Bristol has the highest median tax bill at $3,712, which is significantly above the national median property tax rate of 0.99%.
Average Bristol Assessed Value
$205,300
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 Bristol, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03222 | $50,700 | $130,100 | $205,300 | $304,200 | $505,310 |
Source: Ownwell
Property Tax Bills Across Bristol, New Hampshire
In Bristol, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the town's assessor, who evaluates your property's market value. This assessed value is then multiplied by the local tax rate to determine your annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Bristol can expect property tax bills to vary significantly. For instance, tax bills at the 25th percentile are around $2,084, while those at the 75th percentile can reach up to $5,394. At the 90th percentile, tax bills can soar to $7,915. The median home price in Bristol is $205,300, and the median tax bill in the zip code 03222 is $3,712, which is higher than the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners.
Average Bristol Tax Bill
$3,712
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 Bristol, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03222 | $1,043 | $2,084 | $3,712 | $5,394 | $7,915 |
Source: Ownwell