Fremont, New Hampshire Property Taxes
The median property tax rate in Fremont, NH is 2.32%, 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 Fremont at $291,800, the typical annual property tax bill reaches $6,776, significantly exceeding the national median of $2,690. Property taxes in Fremont 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 Fremont'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 Fremont 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
Fremont, 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 Fremont Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Fremont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fremont to provide an estimate of your property tax bill. This invaluable tool helps you understand potential tax liabilities. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, considering any applicable exemptions.
Property Tax Rates Across Fremont, New Hampshire
Property taxes in Fremont, 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 Fremont is 2.32%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Fremont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fremont 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 Fremont's effective property tax rate to other areas in Rockingham County and the national median. For comparison, the 03044 zip code has the highest median property tax rate of 2.32%, while the same zip code also has the lowest median tax rate of 2.32%. Understanding how these areas compare with Fremont 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 Fremont Tax Rate
2.32%
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 Fremont, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03044 | 2.32% | 2.32% | 2.32% | 2.32% | 2.32% |
Source: Ownwell
Property Tax Assessment Values Across Fremont, New Hampshire
In Fremont, 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 Fremont, 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 Fremont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Interestingly, the highest and lowest median tax bills in Fremont are both $6,776 and are found in the 03044 zip code.
Property Tax Assessment Values Across Fremont, New Hampshire
Source: Ownwell
$275,100
$1,110,250
$1,945,400
Average Fremont Assessed Value
$291,800
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 Fremont, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03044 | $194,660 | $244,500 | $291,800 | $355,500 | $418,220 |
Source: Ownwell
Property Tax Bills Across Fremont, New Hampshire
In Fremont, a city in Rockingham County, NH, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Fremont is $291,800. To determine the tax bill, the assessed value is multiplied by the local tax rate. Various factors such as property size, location, and improvements are considered during the assessment process. Homeowners in Fremont can expect their property tax bills to vary significantly; the tax bill at the 25th percentile is $5,695, while the 75th percentile tax bill is $8,260, and the 90th percentile tax bill reaches $9,714. These tax bills are notably higher than the national median property tax rate of 0.99%, reflecting the higher property values and local tax rates in Fremont. This can significantly impact homeowners, influencing their overall cost of living and financial planning. Comparing to the highest and lowest median tax bills, both recorded at $6,776 in the 03044 zip code, Fremont’s property tax landscape is relatively consistent within the region.
Average Fremont Tax Bill
$6,776
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 Fremont, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03044 | $4,583 | $5,695 | $6,776 | $8,260 | $9,714 |
Source: Ownwell