Acworth, New Hampshire Property Taxes
The median property tax rate in Acworth, NH is 2.58%, 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 Acworth at $183,565, the typical annual property tax bill reaches $4,738, exceeding the national median of $2,690. Property taxes in Acworth 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 Acworth'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 Acworth or another part of Sullivan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Acworth, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.58%
Estimate Property Tax Bill
$4,736
Ownwell’s Acworth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Acworth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Acworth 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 Acworth, New Hampshire
Property taxes in Acworth, 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 Acworth is 2.58%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Acworth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Acworth 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. For comparison, the zip code 03601 in Sullivan County has the highest median property tax rate of 2.58%, the same as Acworth's rate. Understanding how these areas compare with Acworth provides valuable insights into the varying tax landscape across Sullivan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Acworth Tax Rate
2.58%
Average Sullivan County Tax Rate
2.36%
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Acworth, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03601 | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% |
Source: Ownwell
Property Tax Assessment Values Across Acworth, New Hampshire
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Acworth, New Hampshire. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the Sullivan 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 Acworth, 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 Acworth is $183,565, with tax bills ranging from the 25th percentile at $3,209 to the 90th percentile at $8,859. The highest and lowest median tax bills, both at $4,738, are found in the 03601 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Acworth Assessed Value
$183,565
Average Sullivan County Assessed Value
$185,800
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Acworth, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03601 | $72,619 | $124,325 | $183,565 | $250,328 | $343,235 |
Source: Ownwell
Property Tax Bills Across Acworth, New Hampshire
In Acworth, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as property size, location, and market conditions influence the assessed value. For example, the median home price in Acworth is $183,565. Homeowners in Acworth can expect their property tax bills to vary significantly. At the 25th percentile, tax bills are around $3,209, while at the 75th percentile, they rise to about $6,461. Those in the 90th percentile face even higher bills, approximately $8,859. The highest median tax bill in Sullivan County, where Acworth is located, is $4,738. These property tax bills can have a substantial impact on homeowners, influencing decisions on purchasing, selling, or investing in property. Understanding how these taxes are calculated helps homeowners manage their financial planning more effectively.
Average Acworth Tax Bill
$4,738
Average Sullivan County Tax Bill
$4,808
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across Acworth, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03601 | $1,874 | $3,209 | $4,738 | $6,461 | $8,859 |
Source: Ownwell