Barrington, New Hampshire Property Taxes
The median property tax rate in Barrington, NH is 1.99%, 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 Barrington at $336,500, the typical annual property tax bill reaches $6,680, exceeding the national median of $2,690. Property taxes in Barrington 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 Barrington'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 Barrington 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
Barrington, 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 Barrington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Barrington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barrington 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 Barrington, New Hampshire
Property taxes in Barrington, 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 Barrington is 1.99%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Barrington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barrington 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 Barrington's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03825 zip code has the highest median property tax rate of 1.99%, while the same zip code also represents the lowest median tax rate of 1.99%. Understanding how these areas compare with Barrington provides valuable insights into the varying tax landscape across Strafford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Barrington Tax Rate
1.99%
Average Strafford County Tax Rate
2.42%
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barrington, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03825 | 1.98% | 1.98% | 1.99% | 1.99% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Barrington, New Hampshire
In Barrington, 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 Strafford 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 Barrington, 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 Barrington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Barrington are both $6,680, found in the 03825 zip code.
Property Tax Assessment Values Across Barrington, New Hampshire
Source: Ownwell
$171,300
$291,125
$410,950
Average Barrington Assessed Value
$336,500
Average Strafford County Assessed Value
$262,600
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Barrington, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03825 | $102,870 | $247,000 | $336,500 | $417,725 | $495,430 |
Source: Ownwell
Property Tax Bills Across Barrington, New Hampshire
In Barrington, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is an estimate of the property's market value, which is periodically reassessed to reflect current market conditions. Homeowners in Barrington face a median home price of $336,500, and their tax bills can vary significantly based on the assessed value and specific tax rates applied. Factors influencing the tax bill include property size, location, and any improvements made to the home. For example, tax bills in Barrington range from the 25th percentile at $4,896 to the 90th percentile at $9,835, indicating a broad spectrum influenced by these factors. Compared to the national median property tax rate of 0.99%, Barrington's property taxes can be relatively high, affecting homeowners' annual expenses. The highest median tax bill in the area is $6,680, found in the zip code 03825. This variability underscores the importance of understanding local tax assessments and rates to anticipate annual property tax obligations.
Average Barrington Tax Bill
$6,680
Average Strafford County Tax Bill
$5,998
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across Barrington, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03825 | $2,042 | $4,896 | $6,680 | $8,294 | $9,835 |
Source: Ownwell