East Andover, New Hampshire Property Taxes
The median property tax rate in East Andover, NH is 2.12%, significantly higher than both the national median of 0.99% and New Hampshire's state median of 1.91%. With the median home value in East Andover at $381,300, the typical annual property tax bill reaches $8,080, far exceeding the national median of $2,690. Property taxes in East Andover are calculated based on the assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural properties. Understanding East Andover'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 East Andover or another part of Merrimack County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
East Andover, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.12%
Estimate Property Tax Bill
$8,084
Ownwell’s East Andover Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Andover with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Andover 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 East Andover, New Hampshire
Property taxes in East Andover, 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 East Andover is 2.12%, significantly higher than the U.S. national median of 0.99%. Local government entities within East Andover set these rates annually, and they can vary across different neighborhoods. Each year, East Andover 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 East Andover's effective property tax rate to other areas in Merrimack County and the national median. For comparison, the zip code 03231 has the highest median property tax rate of 2.12%, while the same zip code also has the lowest median tax rate of 2.12%. Understanding how these figures compare with East Andover provides valuable insights into the varying tax landscape across Merrimack County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Andover Tax Rate
2.12%
Average Merrimack County Tax Rate
2.44%
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Andover, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03231 | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% |
Source: Ownwell
Property Tax Assessment Values Across East Andover, New Hampshire
In East Andover, 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 Merrimack 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 East Andover, 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 East Andover helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, zip code 03231 has both the highest and lowest median tax bill at $8,080.
Property Tax Assessment Values Across East Andover, New Hampshire
Source: Ownwell
$10,000
$280,850
$551,700
Average East Andover Assessed Value
$381,300
Average Merrimack County Assessed Value
$264,400
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Andover, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03231 | $381,300 | $381,300 | $381,300 | $381,300 | $381,300 |
Source: Ownwell
Property Tax Bills Across East Andover, New Hampshire
In East Andover, Merrimack County, NH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The process begins with the city's assessment of a property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Homeowners in East Andover face one of the highest median tax bills in the region, with a consistent figure of $8,080 across various percentiles. This is significantly higher than the national median property tax rate of 0.99%, reflecting the city's higher property values and tax rates. Several factors influence a homeowner's tax bill, including property size, location, and market conditions. These taxes fund essential community services such as schools, infrastructure, and emergency services. For homeowners, understanding how these factors contribute to their tax obligations is crucial for financial planning and appealing assessments if necessary. As a result, property taxes can significantly impact the overall cost of homeownership in East Andover.
Average East Andover Tax Bill
$8,080
Average Merrimack County Tax Bill
$6,194
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across East Andover, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03231 | $8,080 | $8,080 | $8,080 | $8,080 | $8,080 |
Source: Ownwell