North Woodstock, New Hampshire Property Taxes
The median property tax rate in North Woodstock, NH is 1.84%, 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 Woodstock, the typical annual property tax bill reaches $3,251, exceeding the national median of $2,690. Property taxes in North Woodstock 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 Woodstock'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 Woodstock 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 Woodstock, 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 North Woodstock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Woodstock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Woodstock 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 Woodstock, New Hampshire
Property taxes in North Woodstock, New Hampshire, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Woodstock is 1.84%, significantly higher than the U.S. national median of 0.99%. Local government entities within North Woodstock set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Woodstock 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 Woodstock's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03262 zip code has the highest median property tax rate of 1.84%, while the same zip code also has the lowest median tax rate of 1.84%. Understanding how these cities compare with North Woodstock 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 Woodstock Tax Rate
1.84%
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 Woodstock, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03262 | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across North Woodstock, New Hampshire
In North Woodstock, 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 Woodstock, 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. For instance, the highest median tax bill in North Woodstock is $3,251 in the 03262 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across North Woodstock, New Hampshire
Source: Ownwell
$68,590
$368,845
$669,100
Average North Woodstock Assessed Value
$176,850
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 Woodstock, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03262 | $11,500 | $69,050 | $176,850 | $237,300 | $307,825 |
Source: Ownwell
Property Tax Bills Across North Woodstock, New Hampshire
In North Woodstock, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, if a home in North Woodstock has a median home price of $176,850, the tax bill can vary significantly. Homeowners in the 25th percentile can expect a tax bill around $1,310, while those in the 75th percentile might see a bill closer to $4,362. At the 90th percentile, tax bills can reach up to $5,660. The highest and lowest median tax bills in the area both stand at $3,251, highlighting the variability within the region. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Understanding how these factors interplay can help homeowners better anticipate their financial obligations and plan accordingly.
Average North Woodstock Tax Bill
$3,251
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 Woodstock, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03262 | $230 | $1,310 | $3,251 | $4,362 | $5,660 |
Source: Ownwell