Hebron, New Hampshire Property Taxes
The median property tax rate in Hebron, NH is 0.64%, considerably lower than both the national median of 0.99% and the New Hampshire state median of 1.91%. With the median home value in Hebron at $322,200, the typical annual property tax bill reaches $2,346, which is below the national median of $2,690. Property taxes in Hebron 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 Hebron'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 Hebron 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
Hebron, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$2,062
Ownwell’s Hebron Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hebron with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hebron 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 Hebron, New Hampshire
Property taxes in Hebron, New Hampshire, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hebron is 0.64%, lower than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Hebron set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hebron 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 Hebron's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03241 zip code has both the highest and lowest median property tax rate of 0.64%. Understanding how these cities compare with Hebron 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 Hebron Tax Rate
0.64%
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 Hebron, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03241 | 0.64% | 0.64% | 0.64% | 1.00% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Hebron, New Hampshire
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hebron, NH. 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 Grafton 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 Hebron, 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 Hebron 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 are both $2346, found in zip code 03241.
Average Hebron Assessed Value
$322,200
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 Hebron, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03241 | $112,540 | $209,900 | $322,200 | $532,525 | $1,074,022 |
Source: Ownwell
Property Tax Bills Across Hebron, New Hampshire
In Hebron, located in Grafton County, NH, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $322,200, homeowners can expect their tax bill to vary significantly. At the 25th percentile, the tax bill is around $1,737, while at the 75th percentile, it rises to approximately $3,598. For those at the 90th percentile, the tax bill can reach up to $7,011. These variations highlight how property taxes can impact homeowners differently based on their property's assessed value. Comparatively, the national median property tax rate is 0.99%, making Hebron's tax rates a crucial consideration for prospective homeowners. Understanding these factors can help residents better manage their finances and anticipate their annual property tax obligations.
Average Hebron Tax Bill
$2,346
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 Hebron, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03241 | $1,093 | $1,737 | $2,346 | $3,598 | $7,011 |
Source: Ownwell