Claremont, New Hampshire Property Taxes
The median property tax rate in Claremont, NH is 4.17%, 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 Claremont at $114,300, the typical annual property tax bill reaches $4,697, exceeding the national median of $2,690. Property taxes in Claremont 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 Claremont'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 Claremont 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
Claremont, 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 Claremont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Claremont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Claremont 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 Claremont, New Hampshire
Property taxes in Claremont, 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 Claremont is 4.17%, significantly higher than the U.S. national median of 0.99%. Local government entities within Claremont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Claremont 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 Claremont's effective property tax rate to other areas and the national median. For comparison, the zip code 03743 has the highest median property tax rate of 4.17%, while the same zip code also has the lowest median tax rate of 4.17%. Understanding how these figures compare with Claremont 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 Claremont Tax Rate
4.17%
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 Claremont, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03743 | 4.17% | 4.17% | 4.17% | 4.17% | 4.17% |
Source: Ownwell
Property Tax Assessment Values Across Claremont, New Hampshire
In Claremont, NH, 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 Claremont, 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 Claremont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 03743 has both the highest and lowest median tax bill, valued at $4,697.
Property Tax Assessment Values Across Claremont, New Hampshire
Source: Ownwell
$53,778
$228,739
$403,700
Average Claremont Assessed Value
$114,300
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 Claremont, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03743 | $44,700 | $87,900 | $114,300 | $142,700 | $181,396 |
Source: Ownwell
Property Tax Bills Across Claremont, New Hampshire
In Claremont, NH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the city’s assessor, who evaluates the property’s market value. This value is then multiplied by the local tax rate to determine the annual tax bill. For instance, in Claremont, the median home price is $114,300, and the tax bills can vary significantly. Homeowners in the 25th percentile pay around $3,593, while those in the 75th percentile and 90th percentile pay approximately $5,848 and $7,240, respectively. These figures highlight the impact of property values and assessment accuracy on tax bills. Compared to the national median property tax rate of 0.99%, Claremont's rates can result in substantial differences in tax liabilities. Homeowners should be aware of these factors as they can significantly influence their annual financial obligations and overall affordability of homeownership in the area.
Average Claremont Tax Bill
$4,697
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 Claremont, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03743 | $1,817 | $3,593 | $4,697 | $5,848 | $7,240 |
Source: Ownwell