Croydon, New Hampshire Property Taxes
The median property tax rate in Croydon, NH is 1.42%, 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 Croydon at $223,250, the typical annual property tax bill reaches $3,174, exceeding the national median of $2,690. Property taxes in Croydon 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 Croydon'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 Croydon 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
Croydon, 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 Croydon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Croydon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Croydon 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 Croydon, New Hampshire
Property taxes in Croydon, New Hampshire, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Croydon stands at 1.42%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Croydon set these rates annually, and they can vary considerably across different neighborhoods. Each year, Croydon 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 Croydon's effective property tax rate to other areas in Sullivan County and the national median. For comparison, the zip code 03773 has the highest median property tax rate of 1.42%, while the same zip code also has the lowest median tax rate of 1.42%. Understanding how these areas compare with Croydon 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 regions.
Average Croydon Tax Rate
1.42%
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 Croydon, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03773 | 1.42% | 1.42% | 1.42% | 1.42% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Croydon, New Hampshire
In Croydon, 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 Croydon, 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 Croydon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 03773, with a tax bill of $3,174.00, while the zip code with the lowest median tax bill is also 03773, with the same tax bill value.
Average Croydon Assessed Value
$223,250
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 Croydon, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03773 | $120,140 | $176,825 | $223,250 | $267,275 | $322,873 |
Source: Ownwell
Property Tax Bills Across Croydon, New Hampshire
In Croydon, 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 town's assessor and reflects the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Several factors influence the final tax bill, including property characteristics, improvements, and market conditions. For instance, a median home priced at $223,250 will see varying tax bills depending on its specific assessment and valuation. In Sullivan County, the 25th percentile tax bill is approximately $2,515, while the 75th percentile reaches about $3,811. For homeowners at the higher end, the 90th percentile tax bill can be as high as $4,828. Compared to the national median property tax rate of 0.99%, Croydon's tax rates can significantly impact homeowners, influencing their overall cost of living and financial planning. Understanding these factors can help residents better anticipate and manage their property tax obligations.
Average Croydon Tax Bill
$3,174
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 Croydon, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03773 | $1,708 | $2,515 | $3,174 | $3,811 | $4,828 |
Source: Ownwell