Pike, New Hampshire Property Taxes
The median property tax rate in Pike, NH is 2.49%, significantly higher than both the national median of 0.99% and New Hampshire's state median of 1.91%. With a median home value of $156,525 in Pike, the typical annual property tax bill reaches $3,794, surpassing the national median of $2,690. Property taxes in Pike are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Pike's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Pike or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pike, 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 Pike Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pike with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pike 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 Pike, New Hampshire
Property taxes in Pike, New Hampshire, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pike 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 Pike set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pike 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 Pike's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03780 zip code 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 cities compare with Pike 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 Pike 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 Pike, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03780 | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% |
Source: Ownwell
Property Tax Assessment Values Across Pike, New Hampshire
In Pike, 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 Pike, 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 Pike helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 03780 has both the highest and lowest median tax bill, valued at $3,794.
Average Pike Assessed Value
$156,525
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 Pike, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03780 | $68,720 | $115,475 | $156,525 | $193,596 | $239,240 |
Source: Ownwell
Property Tax Bills Across Pike, New Hampshire
In Pike, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by local authorities and reflects the estimated market value of the property. Homeowners in Pike experience a range of property tax bills, with the 25th percentile at $2,726 and the 75th percentile at $4,783. This variation is influenced by factors such as property size, location, and market conditions. The highest median tax bill in the area is $3,794, found in the zip code 03780, which is also the lowest median tax bill, indicating consistent property tax assessments within that region. Compared to the national median property tax rate of 0.99%, homeowners in Pike may experience differences in their tax obligations due to local assessment practices and tax rates. For homeowners, understanding these factors is crucial as property taxes significantly impact annual expenses and the overall cost of homeownership. Accurate assessments and fair tax rates ensure that homeowners pay their fair share without being overburdened.
Average Pike Tax Bill
$3,794
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 Pike, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03780 | $1,587 | $2,726 | $3,794 | $4,783 | $5,872 |
Source: Ownwell