Temple, New Hampshire Property Taxes
The median property tax rate in Temple, NH is 2.50%, 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 Temple at $271,250, the typical annual property tax bill reaches $6,770, significantly exceeding the national median of $2,690. Property taxes in Temple 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 Temple'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 Temple 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
Temple, 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 TEMPLE Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in TEMPLE using just two simple data points. By inputting your property's estimated assessed value, the calculator applies the median tax rate in TEMPLE to provide an accurate estimate of your property tax bill. This valuable tool helps you foresee potential tax liabilities, ensuring you're well-prepared. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Temple, New Hampshire
Property taxes in Temple, New Hampshire, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Temple is 2.50%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Temple set these rates annually, and they can vary significantly across different neighborhoods. Each year, Temple 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 Temple's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03084 zip code has the highest median property tax rate of 2.50%, while the same zip code also has the lowest median tax rate of 2.50%. Understanding how these cities compare with Temple 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 Temple Tax Rate
2.50%
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 Temple, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03084 | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% |
Source: Ownwell
Property Tax Assessment Values Across Temple, New Hampshire
In Temple, 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 Temple, 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 Temple helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 03084 has the highest median tax bill of $6,770, reflecting the area's property values and tax rates.
Property Tax Assessment Values Across Temple, New Hampshire
Source: Ownwell
$132,100
$14,406,050
$28,680,000
Average Temple Assessed Value
$271,250
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 Temple, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03084 | $187,553 | $228,250 | $271,250 | $338,825 | $418,850 |
Source: Ownwell
Property Tax Bills Across Temple, New Hampshire
In Temple, NH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor and reflects the market value of the property. Hillsborough County, where Temple is located, has a median home price of $271,250. The tax rate is applied to this assessed value to determine the annual property tax bill. Several factors influence this tax bill, including changes in the market value of homes and any improvements made to the property. Homeowners in Temple can expect a wide range of tax bills, with the 25th percentile at $5,697 and the 75th percentile at $8,457. The 90th percentile tax bill goes up to $10,454. These property taxes significantly impact homeowners, affecting their annual budgets and the overall affordability of owning a home in Temple. The median property tax rate in Hillsborough County is higher than the national median rate of 0.99%, making it crucial for homeowners to understand how their tax bills are determined.
Average Temple Tax Bill
$6,770
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 Temple, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03084 | $4,681 | $5,697 | $6,770 | $8,457 | $10,454 |
Source: Ownwell