Plaistow, New Hampshire Property Taxes
The median property tax rate in Plaistow, NH is 1.90%, 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 Plaistow at $335,350, the typical annual property tax bill reaches $6,375, exceeding the national median of $2,690. Property taxes in Plaistow 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 Plaistow'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 Plaistow 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
Plaistow, 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 Plaistow Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Plaistow with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plaistow 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 Plaistow, New Hampshire
Property taxes in Plaistow, 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 Plaistow is 1.90%, significantly higher than the U.S. national median of 0.99%. Local government entities within Plaistow set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plaistow 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 Plaistow's effective property tax rate to other areas in Rockingham County and the national median. For comparison, the 03865 zip code has the highest median property tax rate of 1.90%, while the same zip code also has the lowest median tax rate of 1.90%. Understanding how these areas compare with Plaistow 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 Plaistow Tax Rate
1.90%
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 Plaistow, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03865 | 1.90% | 1.90% | 1.90% | 1.90% | 1.90% |
Source: Ownwell
Property Tax Assessment Values Across Plaistow, New Hampshire
In Plaistow, 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 Plaistow, 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. The median home price in Plaistow is $335,350, with tax bills ranging from $5,166 at the 25th percentile to $10,075 at the 90th percentile. The highest and lowest median tax bills in Plaistow are both $6,375, found in the 03865 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. This knowledge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Plaistow, New Hampshire
Source: Ownwell
$275,100
$1,110,250
$1,945,400
Average Plaistow Assessed Value
$335,350
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 Plaistow, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03865 | $210,680 | $271,750 | $335,350 | $431,025 | $530,020 |
Source: Ownwell
Property Tax Bills Across Plaistow, New Hampshire
In Plaistow, located in 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 local government assessors who evaluate the property's market value, taking into account factors such as the size of the home, its location, and any improvements or renovations. The local tax rate is then applied to this assessed value to determine the annual property tax bill. For homeowners in Plaistow, the median home price is $335,350. Property tax bills can vary significantly, with the 25th percentile around $5,166 and the 75th percentile reaching $8,194. At the higher end, the 90th percentile tax bill can be as much as $10,075. These figures are notably higher compared to the national median property tax rate of 0.99%, reflecting the region's higher property values and tax rates. Understanding these factors can help homeowners budget accordingly and anticipate their annual property tax obligations.
Average Plaistow Tax Bill
$6,375
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 Plaistow, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03865 | $4,005 | $5,166 | $6,375 | $8,194 | $10,075 |
Source: Ownwell