Candia, New Hampshire Property Taxes
The median property tax rate in Candia, NH is 2.06%, 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 Candia at $306,300, the typical annual property tax bill reaches $6,333, far exceeding the national median of $2,690. Property taxes in Candia are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Candia'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 Candia or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Candia, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.06%
Estimate Property Tax Bill
$6,310
Ownwell’s Candia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Candia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Candia 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 Candia, New Hampshire
Property taxes in Candia, NH, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Candia is 2.06%, significantly higher than the U.S. national median of 0.99%. Local government entities within Candia set these rates annually, and they can vary across different neighborhoods. Each year, Candia 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 Candia's effective property tax rate to other areas in Rockingham County and the national median. For comparison, the zip code 03034 has both the highest and lowest median property tax rate of 2.06%. Understanding how these areas compare with Candia 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 Candia Tax Rate
2.06%
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 Candia, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03034 | 2.06% | 2.06% | 2.06% | 2.06% | 2.06% |
Source: Ownwell
Property Tax Assessment Values Across Candia, New Hampshire
In Candia, 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 Candia, 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 Candia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $6,333, specifically in the 03034 zip code.
Property Tax Assessment Values Across Candia, New Hampshire
Source: Ownwell
$275,100
$1,110,250
$1,945,400
Average Candia Assessed Value
$306,300
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 Candia, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03034 | $210,600 | $254,500 | $306,300 | $370,850 | $435,946 |
Source: Ownwell
Property Tax Bills Across Candia, New Hampshire
In Candia, Rockingham County, 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 tax assessor, who evaluates the property's market value. The tax rate, set by local government entities, is applied to this assessed value to determine the annual tax bill. For instance, the median home price in Candia is $306,300, and property tax bills can vary widely. Homeowners in the 25th percentile pay around $5,250, while those in the 75th percentile see bills of about $7,656. At the 90th percentile, property tax bills can reach up to $8,996. These tax bills significantly impact homeowners, as they represent a substantial annual expense. Compared to the national median property tax rate of 0.99%, the rates in Candia can be higher, reflecting the local government's funding needs. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Candia Tax Bill
$6,333
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 Candia, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03034 | $4,345 | $5,250 | $6,333 | $7,656 | $8,996 |
Source: Ownwell