Sharon, New Hampshire Property Taxes
The median property tax rate in Sharon, NH is 2.32%, 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 Sharon at $308,838, the typical annual property tax bill reaches $7,168, exceeding the national median of $2,690. Property taxes in Sharon 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 Sharon'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 Sharon 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
Sharon, 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 Sharon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sharon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sharon 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 Sharon, New Hampshire
Property taxes in Sharon, 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 Sharon stands at 2.32%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Sharon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sharon 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 Sharon's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the zip code 03458 has the highest median property tax rate of 2.32%, while the same zip code also has the lowest median tax rate of 2.32%. Understanding how these cities compare with Sharon provides valuable insights into the varying tax landscape across Hillsborough County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sharon Tax Rate
2.32%
Average Hillsborough County Tax Rate
1.89%
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sharon, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03458 | 2.32% | 2.32% | 2.32% | 2.32% | 2.32% |
Source: Ownwell
Property Tax Assessment Values Across Sharon, New Hampshire
In Sharon, 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 Hillsborough 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 Sharon, 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. For instance, the median home price is $308,838, with tax bills ranging from $5,313 at the 25th percentile to $11,206 at the 90th percentile. The highest and lowest median tax bills are both $7,168 in the 03458 zip code. 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 Sharon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Sharon, New Hampshire
Source: Ownwell
$132,100
$14,406,050
$28,680,000
Average Sharon Assessed Value
$308,838
Average Hillsborough County Assessed Value
$355,600
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sharon, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03458 | $192,530 | $228,925 | $308,838 | $386,875 | $482,831 |
Source: Ownwell
Property Tax Bills Across Sharon, New Hampshire
In Sharon, NH, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate. Factors such as property size, location, and market conditions are considered in determining the assessed value. For instance, in Hillsborough County, where Sharon is located, the median home price is $308,838. Homeowners in Sharon can expect their property tax bills to vary significantly. The 25th percentile tax bill is approximately $5,313, while the 75th percentile reaches $8,979. For those in the 90th percentile, tax bills can soar up to $11,206. This range illustrates the impact of property value assessments and local tax rates on homeowners. Compared to the national median property tax rate of 0.99%, Sharon's property taxes can be relatively high, affecting overall affordability and cost of living for residents. Homeowners must stay informed about their property's assessed value to anticipate their tax obligations accurately.
Average Sharon Tax Bill
$7,168
Average Hillsborough County Tax Bill
$6,748
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across Sharon, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03458 | $4,469 | $5,313 | $7,168 | $8,979 | $11,206 |
Source: Ownwell