Lempster, New Hampshire Property Taxes
The median property tax rate in Lempster, NH is 2.37%, significantly higher than both the national median of 0.99% and the New Hampshire state median of 1.91%. With the median home value in Lempster at $156,200, the typical annual property tax bill reaches $3,701, surpassing the national median of $2,690. Property taxes in Lempster are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lempster'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 Lempster 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
Lempster, 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 Lempster Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lempster with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lempster 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 Lempster, New Hampshire
Property taxes in Lempster, New Hampshire, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lempster is 2.37%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Lempster set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lempster 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. Understanding how Lempster's effective property tax rate compares to other areas in Sullivan County and the national median provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lempster Tax Rate
2.37%
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 Lempster, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03605 | 2.36% | 2.36% | 2.37% | 2.37% | 2.37% |
Source: Ownwell
Property Tax Assessment Values Across Lempster, New Hampshire
In Lempster, 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 Lempster, 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. For instance, the median home price in Lempster is $156,200, with tax bills ranging from $2,772 at the 25th percentile to $6,118 at the 90th percentile. The zip code 03605 has both the highest and lowest median tax bill at $3,701. By understanding 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 Lempster helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lempster Assessed Value
$156,200
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 Lempster, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03605 | $70,600 | $117,110 | $156,200 | $197,400 | $257,302 |
Source: Ownwell
Property Tax Bills Across Lempster, New Hampshire
In Lempster, located in Sullivan County, NH, property tax bills are determined by the assessed value of a home multiplied by the local tax rate. The median home price in Lempster is $156,200. Homeowners in Lempster can expect their property tax bills to vary significantly based on the assessed value of their property. For instance, the 25th percentile tax bill is $2,772, while the 75th percentile tax bill rises to $4,695, and the 90th percentile tax bill reaches $6,118. These tax bills are influenced by factors such as property size, location, and local government budgets. Compared to the national median property tax rate of 0.99%, Lempster's property tax rates can be relatively high, impacting the overall affordability of homeownership in the area. Homeowners need to budget for these taxes, as they contribute to essential public services like schools, infrastructure, and emergency services, directly affecting the community's quality of life.
Average Lempster Tax Bill
$3,701
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 Lempster, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03605 | $1,670 | $2,772 | $3,701 | $4,695 | $6,118 |
Source: Ownwell