Plymouth, New Hampshire Property Taxes
The median property tax rate in Plymouth, NH is 3.14%, 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 Plymouth, the typical annual property tax bill reaches $4,702, exceeding the national median of $2,690. Property taxes in Plymouth 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 Plymouth'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 Plymouth 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
Plymouth, 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 Plymouth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Plymouth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plymouth 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 Plymouth, New Hampshire
Property taxes in Plymouth, NH, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Plymouth is 3.14%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Plymouth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plymouth 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 Plymouth's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the zip code 03264 has both the highest and lowest median property tax rate of 3.14%. Understanding how these cities compare with Plymouth 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 Plymouth Tax Rate
3.14%
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 Plymouth, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03264 | 0.83% | 3.14% | 3.14% | 3.14% | 3.14% |
Source: Ownwell
Property Tax Assessment Values Across Plymouth, New Hampshire
In Plymouth, 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 local 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 Plymouth, 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 Plymouth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Plymouth are both $4,702, corresponding to the zip code 03264.
Average Plymouth Assessed Value
$167,600
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 Plymouth, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03264 | $26,330 | $104,700 | $167,600 | $230,959 | $299,440 |
Source: Ownwell
Property Tax Bills Across Plymouth, New Hampshire
In Plymouth, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the tax rate set by local authorities to generate the annual tax bill. Several factors influence the assessed value, including the home's market value, location, size, and condition. Homeowners in Plymouth can expect varying tax bills depending on their property's assessed value. For example, the tax bill at the 25th percentile is $1,943, while at the 75th percentile, it reaches $6,628. At the 90th percentile, homeowners might see tax bills as high as $8,945. The median tax bill in Plymouth is $4,702, which is significantly higher than the national median property tax rate of 0.99%. These property taxes are essential for funding local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Homeowners should be aware of these assessments and how they influence their annual financial obligations.
Average Plymouth Tax Bill
$4,702
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 Plymouth, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03264 | $720 | $1,943 | $4,702 | $6,628 | $8,945 |
Source: Ownwell