Holderness, New Hampshire Property Taxes
The median property tax rate in Holderness, NH is 1.12%, slightly higher than the national median of 0.99% but significantly lower than the New Hampshire state median of 1.91%. With the median home value in Holderness at $340,000, the typical annual property tax bill reaches $3,863, well above the national median of $2,690. Property taxes in Holderness 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 Holderness'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 Holderness 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
Holderness, 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 Holderness Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Holderness with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Holderness 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 Holderness, New Hampshire
Property taxes in Holderness, New Hampshire, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Holderness is 1.12%, significantly higher than the U.S. national median of 0.99%. Local government entities within Holderness set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holderness 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 Holderness's effective property tax rate to other areas in Grafton County and the national median. For comparison, the 03245 zip code has the highest median property tax rate of 1.12%, while the same zip code also has the lowest median tax rate of 1.12%. Understanding how these areas compare with Holderness 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 Holderness Tax Rate
1.12%
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 Holderness, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03245 | 1.12% | 1.12% | 1.12% | 1.12% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Holderness, New Hampshire
In Holderness, 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 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 Holderness, 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 Holderness helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Holderness are both $3,863, found in the 03245 zip code.
Property Tax Assessment Values Across Holderness, New Hampshire
Source: Ownwell
$68,590
$368,845
$669,100
Average Holderness Assessed Value
$340,000
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 Holderness, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03245 | $56,400 | $183,400 | $340,000 | $581,700 | $1,122,400 |
Source: Ownwell
Property Tax Bills Across Holderness, New Hampshire
In Holderness, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For a median home price of $340,000, homeowners can expect varying tax bills. The tax bill for the 25th percentile is around $2,172, while those in the 75th percentile may pay as much as $6,544. The 90th percentile sees tax bills soaring to $12,599. These figures highlight the range of property tax burdens within the area. Holderness, located in Grafton County, has a median property tax bill of $3,863, which is significantly higher than the national median property tax rate of 0.99%. Homeowners in Holderness need to consider these property tax variations when budgeting for homeownership, as higher tax bills can impact overall affordability and financial planning.
Average Holderness Tax Bill
$3,863
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 Holderness, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03245 | $881 | $2,172 | $3,863 | $6,544 | $12,599 |
Source: Ownwell