Alstead, New Hampshire Property Taxes
The median property tax rate in Alstead, NH is 2.24%, 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 Alstead at $197,015, the typical annual property tax bill reaches $4,572, significantly exceeding the national median of $2,690. Property taxes in Alstead are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Alstead'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 Alstead 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
Alstead, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.24%
Estimate Property Tax Bill
$4,413
Ownwell’s Alstead Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Alstead with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alstead 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 Alstead, New Hampshire
Property taxes in Alstead, 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 Alstead is 2.24%, significantly higher than the U.S. national median of 0.99%. Local government entities within Alstead set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alstead 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 Alstead's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03602 zip code has the highest median property tax rate of 2.24%, while also having the lowest median tax rate of 2.24%. Understanding how these cities compare with Alstead 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 Alstead Tax Rate
2.24%
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 Alstead, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03602 | 2.24% | 2.24% | 2.24% | 2.58% | 2.58% |
Source: Ownwell
Property Tax Assessment Values Across Alstead, New Hampshire
In Alstead, 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 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 Alstead, 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 Alstead is $197,015, with the median tax bill at the 25th percentile being $3,392 and the 75th percentile being $6,364. The highest and lowest median tax bills are both $4,572, found in zip code 03602. Being aware of these valuation processes in Alstead helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Alstead Assessed Value
$197,015
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 Alstead, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03602 | $75,465 | $137,575 | $197,015 | $279,850 | $370,899 |
Source: Ownwell
Property Tax Bills Across Alstead, New Hampshire
In Alstead, located in Sullivan County, NH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Alstead is $197,015, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, which in turn affects the tax bill. For homeowners in Alstead, the tax bill can vary significantly. For example, the 25th percentile tax bill is $3,392, while the 75th percentile tax bill reaches $6,364. At the 90th percentile, homeowners might see a tax bill as high as $8,838. The highest and lowest median tax bills in the area are both $4,572, specifically in the 03602 zip code. These property taxes are crucial for funding local services such as schools, road maintenance, and emergency services, directly impacting the quality of life for residents.
Average Alstead Tax Bill
$4,572
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 Alstead, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03602 | $1,692 | $3,392 | $4,572 | $6,364 | $8,838 |
Source: Ownwell