Plainfield, New Hampshire Property Taxes
The median property tax rate in Plainfield, NH is 2.49%, 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 Plainfield, the typical annual property tax bill reaches $6,162, exceeding the national median of $2,690. Property taxes in Plainfield 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 Plainfield'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 Plainfield 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
Plainfield, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.49%
Estimate Property Tax Bill
$6,163
Ownwell’s Plainfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Plainfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plainfield 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 Plainfield, New Hampshire
Property taxes in Plainfield, New Hampshire, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Plainfield is 2.49%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Plainfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plainfield 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 Plainfield's effective property tax rate to other areas in Sullivan County and the national median. For comparison, the zip code 03781 has the highest median property tax rate of 2.49%, while the same zip code also has the lowest median tax rate of 2.49%. Understanding how these values compare with Plainfield 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 Plainfield Tax Rate
2.49%
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 Plainfield, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03781 | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% |
Source: Ownwell
Property Tax Assessment Values Across Plainfield, New Hampshire
In Plainfield, 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 Plainfield, 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 the area is $247,494, with tax bills ranging from $4,702 at the 25th percentile to $11,762 at the 90th percentile. Notably, the highest and lowest median tax bills are both $6,162, found in the 03781 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities, identify opportunities for protesting assessments, or apply for exemptions to effectively manage their tax burden.
Property Tax Assessment Values Across Plainfield, New Hampshire
Source: Ownwell
$53,778
$228,739
$403,700
Average Plainfield Assessed Value
$247,494
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 Plainfield, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03781 | $129,830 | $188,830 | $247,494 | $335,146 | $472,388 |
Source: Ownwell
Property Tax Bills Across Plainfield, New Hampshire
In Plainfield, Sullivan County, NH, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the town's assessor and reflects the market value of your property. This assessed value is then multiplied by the local tax rate to determine your annual property tax bill. The median home price in Plainfield is $247,494, and the property tax rate is significantly higher than the national median of 0.99%. Several factors influence your property tax bill, including property size, location, and any improvements made to the property. For instance, the tax bill for the 25th percentile is $4,702, while the 75th percentile reaches $8,346, and the 90th percentile hits $11,762. This variability shows how different factors can affect the final amount. For homeowners, understanding these elements is crucial as they directly impact annual expenses. The highest and lowest median tax bill in the area is $6,162, indicating a consistent tax rate across different properties within the same zip code, 03781.
Average Plainfield Tax Bill
$6,162
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 Plainfield, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03781 | $3,233 | $4,702 | $6,162 | $8,346 | $11,762 |
Source: Ownwell