Stratham, New Hampshire Property Taxes
The median property tax rate in Stratham, NH is 1.87%, 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 Stratham at $433,300, the typical annual property tax bill reaches $8,107, far exceeding the national median of $2,690. Property taxes in Stratham 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 Stratham'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 Stratham 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
Stratham, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.87%
Estimate Property Tax Bill
$8,103
Ownwell’s Stratham Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Stratham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stratham to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is the figure assigned by Rockingham County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Stratham, New Hampshire
Property taxes in Stratham, 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 Stratham is 1.87%, significantly higher than the U.S. national median of 0.99%. Local government entities within Stratham set these rates annually, and they can vary across different neighborhoods. Each year, Stratham 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 Stratham's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the zip code 03885 has both the highest and lowest median property tax rate of 1.87%, reflecting the uniformity within Stratham. Understanding how these rates compare with the national median provides valuable insights into the varying tax landscape across Rockingham County, helping homeowners gain a clearer picture of their property tax obligations relative to other areas.
Average Stratham Tax Rate
1.87%
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 Stratham, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03885 | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Stratham, New Hampshire
In Stratham, 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 Stratham, 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. The median home price in Stratham is $433,300, with the 25th percentile tax bill at $6,266 and the 75th percentile at $10,407. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Stratham, New Hampshire
Source: Ownwell
$275,100
$1,110,250
$1,945,400
Average Stratham Assessed Value
$433,300
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 Stratham, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03885 | $215,240 | $334,900 | $433,300 | $556,200 | $690,360 |
Source: Ownwell
Property Tax Bills Across Stratham, New Hampshire
Property tax bills in Stratham, Rockingham County, NH, 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 property's assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition, as well as recent sales of comparable properties in the area. Homeowners in Stratham can expect varying tax bills depending on their property's assessed value. For instance, the tax bill at the 25th percentile is approximately $6,266, while it reaches around $10,407 at the 75th percentile. The highest median tax bill in the area is about $8,107, which is significantly higher than the national median property tax rate of 0.99%. These property taxes fund essential local services such as public schools, emergency services, and infrastructure maintenance, directly impacting the community's quality of life.
Average Stratham Tax Bill
$8,107
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 Stratham, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03885 | $4,047 | $6,266 | $8,107 | $10,407 | $12,918 |
Source: Ownwell