Washington, New Hampshire Property Taxes
The median property tax rate in Washington, NH is 2.67%, 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 $238,600 in Washington, the typical annual property tax bill reaches $6,368, far exceeding the national median of $2,690. Property taxes in Washington are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Washington'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 Washington 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
Washington, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.67%
Estimate Property Tax Bill
$6,371
Ownwell’s Washington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Washington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Washington 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 Washington, New Hampshire
Property taxes in Washington, NH, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Washington is 2.67%, significantly higher than the U.S. national median of 0.99%. Local government entities within Washington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Washington 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 Washington's effective property tax rate to other areas in Hillsborough County and the national median. For comparison, the zip code 03280 has the highest median property tax rate of 2.67%, while the same zip code also has the lowest median tax rate of 2.67%. Understanding how these rates compare with Washington 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 Washington Tax Rate
2.67%
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 Washington, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03280 | 2.67% | 2.67% | 2.67% | 2.67% | 2.67% |
Source: Ownwell
Property Tax Assessment Values Across Washington, New Hampshire
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Washington, NH. 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 Washington, NH, 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. For instance, the zip code 03280 has both the highest and lowest median tax bill at $6,368. Being aware of these valuation processes in Washington, NH helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Washington, New Hampshire
Source: Ownwell
$132,100
$14,406,050
$28,680,000
Average Washington Assessed Value
$238,600
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 Washington, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03280 | $238,600 | $238,600 | $238,600 | $238,600 | $238,600 |
Source: Ownwell
Property Tax Bills Across Washington, New Hampshire
In Washington, NH, property tax bills are calculated based on the assessed value of a home, which reflects its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as the property's location within Hillsborough County and its specific characteristics, like size and condition, are considered in the assessment process. For homeowners in Washington, the median home price is $238,600, and the median property tax bill is notably high at $6,368. This figure is significantly above the national median property tax rate of 0.99%, highlighting the region's heavier tax burden. Homeowners at the 25th, 75th, and 90th percentiles all face the same median tax bill of $6,368, indicating a uniform tax rate across various property values. This high property tax rate can impact homeowners by increasing their annual financial obligations, potentially affecting affordability and long-term financial planning. Understanding these factors is crucial for homeowners looking to manage their expenses effectively.
Average Washington Tax Bill
$6,368
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 Washington, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03280 | $6,368 | $6,368 | $6,368 | $6,368 | $6,368 |
Source: Ownwell