West Nottingham, New Hampshire Property Taxes
The median property tax rate in West Nottingham, NH is 1.91%, 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 West Nottingham, the typical annual property tax bill reaches $5,312, exceeding the national median of $2,690. Property taxes in West Nottingham 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 West Nottingham'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 West Nottingham 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
West Nottingham, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.91%
Estimate Property Tax Bill
$5,309
Ownwell’s West Nottingham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in West Nottingham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West Nottingham 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 West Nottingham, New Hampshire
Property taxes in West Nottingham, 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 West Nottingham is 1.91%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within West Nottingham set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Nottingham 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 West Nottingham's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03291 zip code has the highest median property tax rate of 1.91%, while the 03291 zip code also has the lowest median tax rate of 1.91%. Understanding how these cities compare with West Nottingham 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 West Nottingham Tax Rate
1.91%
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 West Nottingham, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03291 | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% |
Source: Ownwell
Property Tax Assessment Values Across West Nottingham, New Hampshire
In West Nottingham, 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 West Nottingham, 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 West Nottingham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 03291 in Rockingham County has the same median tax bill of $5,312 for both the highest and the lowest bills.
Property Tax Assessment Values Across West Nottingham, New Hampshire
Source: Ownwell
$275,100
$1,110,250
$1,945,400
Average West Nottingham Assessed Value
$277,950
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 West Nottingham, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03291 | $223,430 | $265,575 | $277,950 | $319,400 | $340,104 |
Source: Ownwell
Property Tax Bills Across West Nottingham, New Hampshire
In West Nottingham, NH, property tax bills are calculated based on the assessed value of your home and the local tax rate. The process begins with the local tax assessor determining the market value of your property. This assessed value is then multiplied by the tax rate to determine your annual property tax bill. For instance, with a median home price of $277,950, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. In Rockingham County, the tax bill for the 25th percentile is around $5,075, while at the 75th percentile, it rises to approximately $6,104. For those in the 90th percentile, the tax bill can reach up to $6,499. These figures highlight the significant impact property taxes can have on homeowners, making it essential to understand how these taxes are calculated and what factors can affect them.
Average West Nottingham Tax Bill
$5,312
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 West Nottingham, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03291 | $4,270 | $5,075 | $5,312 | $6,104 | $6,499 |
Source: Ownwell