Epping, New Hampshire Property Taxes
The median property tax rate in Epping, NH is 2.36%, 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 Epping at $371,000, the typical annual property tax bill reaches $8,767, significantly exceeding the national median of $2,690. Property taxes in Epping 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 Epping'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 Epping 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
Epping, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.36%
Estimate Property Tax Bill
$8,756
Ownwell’s Epping Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Epping with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Epping 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 Epping, New Hampshire
Property taxes in Epping, New Hampshire, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Epping is 2.36%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Epping set these rates annually, and they can vary significantly across different neighborhoods. Each year, Epping 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 Epping's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03042 zip code has both the highest and lowest median property tax rate of 2.36%. Understanding how these cities compare with Epping 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 Epping Tax Rate
2.36%
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 Epping, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03042 | 2.36% | 2.36% | 2.36% | 2.36% | 2.36% |
Source: Ownwell
Property Tax Assessment Values Across Epping, New Hampshire
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Epping, NH. 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 Epping, 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. Epping has a median home price of $371,000. The tax bills in Epping range widely, with the 25th percentile at $8,302 and the 75th percentile at $8,828. Notably, the highest and lowest median tax bills are both $8,767 in zip code 03042. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Epping Assessed Value
$371,000
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 Epping, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03042 | $332,957 | $351,342 | $371,000 | $373,595 | $651,231 |
Source: Ownwell
Property Tax Bills Across Epping, New Hampshire
In Epping, NH, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the town's assessor, reflecting the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. Factors influencing the tax bill include property characteristics such as size, location, and condition, as well as any applicable exemptions or abatements. For instance, homeowners in Epping experience tax bills ranging from $8,302 at the 25th percentile to $15,388 at the 90th percentile. The median home price in Epping is $371,000, which can result in a significant tax burden for homeowners, especially when compared to the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, public safety, and infrastructure. High property taxes can impact homeowners' financial planning and the overall cost of homeownership in the region.
Average Epping Tax Bill
$8,767
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 Epping, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03042 | $7,868 | $8,302 | $8,767 | $8,828 | $15,388 |
Source: Ownwell