Warren, New Hampshire Property Taxes
The median property tax rate in Warren, NH is 2.31%, 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 Warren, the typical annual property tax bill reaches $2,198, which is below the national median of $2,690. Property taxes in Warren 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 Warren'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 Warren 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
Warren, 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 Warren Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Warren with just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Warren to provide an estimate of your property tax bill. This valuable tool offers clarity on potential tax liabilities, helping you make informed decisions. For those interested in more granular insights, additional localized information is available by scrolling down. Your property’s assessed value is determined by the county for tax calculations and considers any applicable exemptions.
Property Tax Rates Across Warren, New Hampshire
Property taxes in Warren, New Hampshire, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Warren is 2.31%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Warren set these rates annually, and they can vary significantly across different neighborhoods. Each year, Warren 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 Warren's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the zip code 03279 has the highest median property tax rate of 2.31%, while the same zip code also has the lowest median tax rate of 2.31%. Understanding how these cities compare with Warren 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 Warren Tax Rate
2.31%
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 Warren, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03279 | 2.31% | 2.31% | 2.31% | 2.31% | 2.31% |
Source: Ownwell
Property Tax Assessment Values Across Warren, New Hampshire
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Warren, New Hampshire. 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 Warren, 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 Warren helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Warren is $2,198, both in the 03279 zip code.
Average Warren Assessed Value
$95,070
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 Warren, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03279 | $32,300 | $59,475 | $95,070 | $140,496 | $190,210 |
Source: Ownwell
Property Tax Bills Across Warren, New Hampshire
In Warren, NH, property tax bills are calculated based on the property's assessed value and the local tax rate. The assessed value is determined by the local assessor's office, which evaluates the property's market value. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Factors such as property size, location, and market conditions can influence the assessed value. For homeowners in Warren, the median home price stands at $95,070. Property tax bills in the area vary significantly, with the 25th percentile tax bill at $1,380 and the 75th percentile at $3,250. At the 90th percentile, homeowners can expect to pay around $4,398. These figures highlight the range of property tax burdens homeowners might face, depending on their property's assessed value and specific characteristics. Compared to the national median property tax rate of 0.99%, Warren's tax rates can significantly impact homeowners' financial planning and overall cost of living. Understanding these factors is crucial for homeowners to anticipate their annual property tax obligations accurately.
Average Warren Tax Bill
$2,198
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 Warren, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03279 | $767 | $1,380 | $2,198 | $3,250 | $4,398 |
Source: Ownwell