Auburn, New Hampshire Property Taxes
The median property tax rate in Auburn, NH is 1.26%, 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 Auburn, the typical annual property tax bill reaches $6,849, exceeding the national median of $2,690. Property taxes in Auburn 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 Auburn'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 Auburn 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
Auburn, 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 Auburn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Auburn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Auburn 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 Auburn, New Hampshire
Property taxes in Auburn, NH, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Auburn is 1.26%, significantly higher than the U.S. national median of 0.99%. Local government entities within Auburn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Auburn 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 Auburn's effective property tax rate to other areas in Rockingham County and the national median. For comparison, the 03032 zip code has both the highest and lowest median property tax rate of 1.26%. Understanding how these areas compare with Auburn provides valuable insights into the varying tax landscape across Rockingham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Auburn Tax Rate
1.26%
Average Rockingham County Tax Rate
1.90%
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Auburn, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03032 | 1.26% | 1.26% | 1.26% | 1.26% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Auburn, New Hampshire
In AUBURN, 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 Rockingham 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 AUBURN, 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 AUBURN helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 03032 has the highest and lowest median tax bill, both at $6,849.
Property Tax Assessment Values Across Auburn, New Hampshire
Source: Ownwell
$275,100
$1,110,250
$1,945,400
Average Auburn Assessed Value
$541,700
Average Rockingham County Assessed Value
$373,900
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Auburn, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03032 | $327,460 | $430,950 | $541,700 | $706,650 | $841,340 |
Source: Ownwell
Property Tax Bills Across Auburn, New Hampshire
Property tax bills in Auburn, NH, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor, who evaluates the property’s market value. Auburn is part of Rockingham County, where the median home price stands at $541,700. Homeowners in this area can expect a wide range of property tax bills, with the 25th percentile at $5,453 and the 75th percentile reaching up to $8,930. The top 10% of tax bills can go as high as $10,612. The local tax rate plays a significant role in determining the final tax bill. This rate is applied to the assessed value to calculate the amount owed. Factors such as property improvements, neighborhood developments, and changes in market conditions can affect the assessed value and, consequently, the tax bill. Homeowners must stay informed about these factors, as they directly impact their annual financial obligations. Auburn's property tax bills are notably higher than the national median property tax rate of 0.99%, reflecting the area's higher property values.
Average Auburn Tax Bill
$6,849
Average Rockingham County Tax Bill
$6,989
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across Auburn, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03032 | $4,221 | $5,453 | $6,849 | $8,930 | $10,612 |
Source: Ownwell