New Hampton, New Hampshire Property Taxes
The median property tax rate in New Hampton, NH is 1.94%, considerably higher than both the national median of 0.99% and the New Hampshire state median of 1.91%. With a median home value of $180,762 in New Hampton, the typical annual property tax bill reaches $3,575, exceeding the national median of $2,690. Property taxes in New Hampton 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 New Hampton'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 New Hampton 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
New Hampton, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.94%
Estimate Property Tax Bill
$3,507
Ownwell’s New Hampton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Hampton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Hampton 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 New Hampton, New Hampshire
Property taxes in New Hampton, New Hampshire, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Hampton is 1.94%, significantly higher than the U.S. national median of 0.99%. Local government entities within New Hampton set these rates annually, and they can vary across different neighborhoods. Each year, New Hampton 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 New Hampton's effective property tax rate to other areas in Belknap County and the national median. For comparison, the zip code 03256 has both the highest and the lowest median property tax rate of 1.94%. Understanding how these areas compare with New Hampton 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 regions.
Average New Hampton Tax Rate
1.94%
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 New Hampton, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03256 | 1.94% | 1.94% | 1.94% | 1.94% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across New Hampton, New Hampshire
In New Hampton, NH, 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 New Hampton, 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 New Hampton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $3,575, associated with zip code 03256, and the lowest is also $3,575 in the same zip code.
Property Tax Assessment Values Across New Hampton, New Hampshire
Source: Ownwell
$180,762
$809,631
$1,438,500
Average New Hampton Assessed Value
$180,762
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 New Hampton, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03256 | $4,600 | $91,270 | $180,762 | $252,690 | $356,078 |
Source: Ownwell
Property Tax Bills Across New Hampton, New Hampshire
In New Hampton, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the market value of the property. Homeowners in New Hampton, located in Belknap County, typically see a wide range of property tax bills. The 25th percentile tax bill is around $1,997, while the 75th percentile reaches up to $4,928, and the 90th percentile can go as high as $6,958. Several factors influence the tax bill, including the property's location, size, and condition, as well as any applicable exemptions or abatements. The median home price in New Hampton is $180,762, which plays a significant role in determining the tax amount. Compared to the national median property tax rate of 0.99%, homeowners in New Hampton might find their property tax rates to be relatively competitive, but the actual bill can vary significantly based on the specific characteristics of their property. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average New Hampton Tax Bill
$3,575
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 New Hampton, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03256 | $112 | $1,997 | $3,575 | $4,928 | $6,958 |
Source: Ownwell