New Durham, New Hampshire Property Taxes
The median property tax rate in New Durham, NH is 1.79%, 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 New Durham at $286,250, the typical annual property tax bill reaches $5,130, exceeding the national median of $2,690. Property taxes in New Durham 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 New Durham'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 New Durham 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
New Durham, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.79%
Estimate Property Tax Bill
$5,124
Ownwell’s New Durham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Durham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Durham 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 Strafford County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across New Durham, New Hampshire
Property taxes in New Durham, 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 New Durham is 1.79%, significantly higher than the U.S. national median of 0.99%. Local government entities within New Durham set these rates annually, and they can vary across different neighborhoods. Each year, New Durham 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 New Durham's effective property tax rate to other areas in Strafford County and the national median. For comparison, the zip code 03855 has the highest median property tax rate of 1.79%, while the same zip code also has the lowest median tax rate of 1.79%. Understanding how these figures compare with New Durham 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 New Durham Tax Rate
1.79%
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 New Durham, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03855 | 1.79% | 1.79% | 1.79% | 1.79% | 1.79% |
Source: Ownwell
Property Tax Assessment Values Across New Durham, New Hampshire
In New Durham, 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 New Durham, 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 New Durham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In New Durham, the zip code 03855 has both the highest and lowest median tax bill, valued at $5,130.
Property Tax Assessment Values Across New Durham, New Hampshire
Source: Ownwell
$171,300
$291,125
$410,950
Average New Durham Assessed Value
$286,250
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 New Durham, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03855 | $156,600 | $211,350 | $286,250 | $459,325 | $660,000 |
Source: Ownwell
Property Tax Bills Across New Durham, New Hampshire
In New Durham, located in Strafford County, NH, property tax bills are calculated based on the assessed value of a property and the local tax rate. Homeowners in this region face a property tax rate that significantly impacts their annual financial obligations. The median home price in New Durham is $286,250, which serves as a basis for tax assessments. The tax bill can vary widely, with the 25th percentile paying around $3,787 and the 75th percentile facing a bill of approximately $8,231. For those at the 90th percentile, the tax bill can reach up to $11,828. The highest and lowest median tax bills in the area are both recorded at $5,130 in the 03855 zip code. These figures illustrate the range of property tax burdens homeowners can expect. Compared to the national median property tax rate of 0.99%, the property tax rate in New Durham is relatively high, which can significantly influence homeowners' financial planning and overall cost of living.
Average New Durham Tax Bill
$5,130
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 New Durham, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03855 | $2,810 | $3,787 | $5,130 | $8,231 | $11,828 |
Source: Ownwell