Gilmanton, Belknap County, New Hampshire Property Taxes
Median Gilmanton, NH effective property tax rate: 2.40%, significantly higher than the national median of 1.02%, but lower than the NH state median of 1.91%.
Median Gilmanton, NH home value: $222,053
Median annual Gilmanton, NH tax bill: $5,323, $2,923 higher than the national median property tax bill of $2,400.
How are property taxes in Belknap calculated?
Property taxes in Gilmanton, NH are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Gilmanton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gilmanton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gilmanton, Belknap County, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.4%
Estimate Property Tax Bill
$5,329
$4,945
Property Tax Rates Across Gilmanton, Belknap County, New Hampshire
Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates the budget needed to provide essential services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although the process involves votes and legislation, this is how property tax rates are generally determined each year.
In Gilmanton, located in Belknap County, New Hampshire, the effective property tax rate is notably higher than the national median of 1.02%. This places a substantial tax burden on property owners compared to the national average. When comparing Gilmanton’s tax rate to other cities within New Hampshire, it stands out as one of the highest in the state, aligning with the highest median tax rate recorded in the area. This high rate can impact decisions on property purchases and investments, as potential buyers consider the long-term costs associated with property ownership. Understanding these rates is crucial for property owners and investors aiming to make informed financial decisions.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Gilmanton Tax Rate
2.40%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Belknap County Tax Rate
1.48%
Median Effective New Hampshire Tax Rate
1.91%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gilmanton, Belknap County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03237 | 2.40% | 2.40% | 2.40% | 2.40% | 2.40% |
Source: Ownwell
Property Tax Assessment Values Across Gilmanton, Belknap County, New Hampshire
When examining property taxes in Gilmanton, NH, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Belknap County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Belknap County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Gilmanton. For example, the median home price in Gilmanton is $222,053, with tax bills ranging significantly across the county. The zip code 03237 has the highest median home price at $222,053.
Property Tax Assessment Values Across Gilmanton, Belknap County, New Hampshire
Source: Ownwell
$180,762
$296,646
$412,530
Median Gilmanton Market Value
$222,053
Median Belknap County Market Value
$267,900
Median New Hampshire Market Value
$299,765
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gilmanton, Belknap County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03237 | $115,160 | $164,500 | $222,053 | $279,350 | $358,778 |
Source: Ownwell
Property Tax Bills Across Gilmanton, Belknap County, New Hampshire
Median Gilmanton Tax Bill
$5,323
Median Belknap County Tax Bill
$4,251
Median New Hampshire Tax Bill
$5,895
Median United States Tax Bill
$2,400
Property Tax Bills Across Gilmanton, Belknap County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03237 | $2,760 | $3,943 | $5,323 | $6,696 | $8,600 |
Source: Ownwell