North Haverhill, New Hampshire Property Taxes
The median property tax rate in North Haverhill, NH is 2.49%, 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 North Haverhill at $159,900, the typical annual property tax bill reaches $3,980, exceeding the national median of $2,690. Property taxes in North Haverhill 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 North Haverhill'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 North Haverhill 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
North Haverhill, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.49%
Estimate Property Tax Bill
$3,982
Ownwell’s North Haverhill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Haverhill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Haverhill 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 North Haverhill, New Hampshire
Property taxes in North Haverhill, New Hampshire, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Haverhill is 2.49%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within North Haverhill set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Haverhill 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 North Haverhill's effective property tax rate to other areas in Grafton County and the national median. For comparison, the zip code 03774 has the highest median property tax rate of 2.49%, while the same zip code also has the lowest median tax rate of 2.49%. Understanding how these values compare with North Haverhill 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 North Haverhill Tax Rate
2.49%
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 North Haverhill, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03774 | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% |
Source: Ownwell
Property Tax Assessment Values Across North Haverhill, New Hampshire
In North Haverhill, 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 North Haverhill, 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 North Haverhill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 03774 has the highest and lowest median tax bill of $3,980.
Property Tax Assessment Values Across North Haverhill, New Hampshire
Source: Ownwell
$68,590
$368,845
$669,100
Average North Haverhill Assessed Value
$159,900
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 North Haverhill, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03774 | $38,440 | $111,625 | $159,900 | $202,025 | $244,460 |
Source: Ownwell
Property Tax Bills Across North Haverhill, New Hampshire
In North Haverhill, Grafton County, NH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor’s office and reflects the market value of the property. Homeowners in this area face varying tax bills, with the 25th percentile paying around $2,778 and the 75th percentile facing bills as high as $5,028. The highest median tax bill in the region is $3,980, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence these tax bills, including property size, location, and any improvements made to the home. These taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. High property taxes can be a financial burden for homeowners but also contribute to the community's overall development and well-being. Understanding how these taxes are calculated can help homeowners budget more effectively and potentially seek exemptions or appeals.
Average North Haverhill Tax Bill
$3,980
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 North Haverhill, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03774 | $956 | $2,778 | $3,980 | $5,028 | $6,084 |
Source: Ownwell