South Sutton, New Hampshire Property Taxes
The median property tax rate in South Sutton, NH is 2.42%, significantly higher than both the national median of 0.99% and the New Hampshire state median of 1.91%. With the median home value in South Sutton, the typical annual property tax bill reaches $7,604, far exceeding the national median of $2,690. Property taxes in South Sutton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding South Sutton'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 South Sutton 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
South Sutton, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.42%
Estimate Property Tax Bill
$7,616
Ownwell’s South Sutton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Sutton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Sutton 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 South Sutton, New Hampshire
Property taxes in South Sutton, 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 South Sutton is 2.42%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within South Sutton set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Sutton 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 South Sutton's effective property tax rate to other areas in New Hampshire and the national median. For comparison, the zip code 03273 has the highest median property tax rate of 2.42%, while the same zip code also has the lowest median tax rate of 2.42%. Understanding how these areas compare with South Sutton 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 South Sutton Tax Rate
2.42%
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 South Sutton, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03273 | 2.42% | 2.42% | 2.42% | 2.42% | 2.42% |
Source: Ownwell
Property Tax Assessment Values Across South Sutton, New Hampshire
In South Sutton, NH, 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 South Sutton, 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 South Sutton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $7,604 in the 03273 zip code, which is also the lowest median tax bill, indicating a consistent tax landscape.
Property Tax Assessment Values Across South Sutton, New Hampshire
Source: Ownwell
$10,000
$280,850
$551,700
Average South Sutton Assessed Value
$314,730
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 South Sutton, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03273 | $240,347 | $271,904 | $314,730 | $402,350 | $513,111 |
Source: Ownwell
Property Tax Bills Across South Sutton, New Hampshire
In South Sutton, located in Merrimack County, NH, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by local assessors who evaluate the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. In South Sutton, the median home price is $314,730, which influences the overall tax amount homeowners are required to pay. The property tax bill can vary significantly within the region. For instance, homeowners at the 25th percentile pay around $6,570, while those at the 75th percentile pay approximately $9,720. At the 90th percentile, the tax bill can reach up to $12,397. These figures reflect the range of property values and the corresponding tax obligations, which can impact homeowners' financial planning. Compared to the national median property tax rate of 0.99%, South Sutton's tax rates highlight the importance of understanding local property tax dynamics.
Average South Sutton Tax Bill
$7,604
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 South Sutton, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03273 | $5,807 | $6,570 | $7,604 | $9,720 | $12,397 |
Source: Ownwell