Center Harbor, New Hampshire Property Taxes
The median property tax rate in Center Harbor, NH is 0.90%, which is lower than both the national median of 0.99% and the New Hampshire state median of 1.91%. With the median home value in Center Harbor at $412,530, the typical annual property tax bill reaches $3,862, which exceeds the national median of $2,690. Property taxes in Center Harbor are calculated based on the tax assessed value, typically lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Center Harbor'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 Center Harbor 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
Center Harbor, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$3,713
Ownwell’s Center Harbor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Center Harbor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Center Harbor 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 Center Harbor, New Hampshire
Property taxes in Center Harbor, New Hampshire, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Center Harbor is 0.90%, lower than the U.S. national median of 0.99%. Local government entities within Center Harbor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Center Harbor 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 Center Harbor's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03226 zip code has the highest median property tax rate of 0.90%, while the 03226 zip code also has the lowest median tax rate of 0.90%. Understanding how these cities compare with Center Harbor provides valuable insights into the varying tax landscape across Belknap County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Center Harbor Tax Rate
0.90%
Average Belknap County Tax Rate
1.48%
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Center Harbor, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03226 | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Center Harbor, New Hampshire
In Center Harbor, 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 Belknap 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 Center Harbor, 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 Center Harbor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Center Harbor are both $3,862, found in the 03226 zip code.
Property Tax Assessment Values Across Center Harbor, New Hampshire
Source: Ownwell
$180,762
$809,631
$1,438,500
Average Center Harbor Assessed Value
$412,530
Average Belknap County Assessed Value
$267,900
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Center Harbor, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03226 | $172,740 | $275,000 | $412,530 | $740,500 | $2,471,542 |
Source: Ownwell
Property Tax Bills Across Center Harbor, New Hampshire
In Center Harbor, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. This valuation process considers various factors such as the property's size, location, and condition. Once the assessed value is established, the local tax rate is applied to determine the annual tax bill. For instance, the median home price in Center Harbor is $412,530, and homeowners can expect a tax bill that varies significantly. At the 25th percentile, the tax bill is around $2,557, while at the 75th percentile, it climbs to $6,716. For those in the 90th percentile, the tax bill can reach as high as $22,260. Comparatively, the highest and lowest median tax bills in the area are both $3,862, indicating a uniform rate within the zip code 03226. These property taxes can significantly impact homeowners, influencing their overall cost of living and potentially affecting property values in the long term.
Average Center Harbor Tax Bill
$3,862
Average Belknap County Tax Bill
$4,251
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across Center Harbor, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03226 | $1,581 | $2,557 | $3,862 | $6,716 | $22,260 |
Source: Ownwell