Center Ossipee, Carroll County, New Hampshire Property Taxes
The median property tax rate in Center Ossipee, NH is 1.84%, 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 Center Ossipee, the typical annual property tax bill reaches $3,340, exceeding the national median of $2,690. Property taxes in Center Ossipee 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 Center Ossipee'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 Ossipee 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 Ossipee, Carroll County, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.84%
Estimate Property Tax Bill
$3,344
$3,103
Ownwell’s Center Ossipee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Center Ossipee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Center Ossipee 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 Ossipee, Carroll County, New Hampshire
Property taxes in Center Ossipee, New Hampshire, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Center Ossipee is 1.84%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Center Ossipee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Center Ossipee 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 Ossipee's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the zip code 03814 has the highest median property tax rate of 1.84%, while the same zip code 03814 also has the lowest median tax rate of 1.84%. Understanding how these cities compare with Center Ossipee provides valuable insights into the varying tax landscape across Carroll County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Property Tax Rates Across Center Ossipee, Carroll County, New Hampshire
Source: Ownwell
0.36%
1.37%
2.38%
Average Center Ossipee Tax Rate
1.84%
Average Carroll County Tax Rate
1.32%
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Center Ossipee, Carroll County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03814 | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across Center Ossipee, Carroll County, New Hampshire
In Center Ossipee, 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 Carroll 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 Ossipee, 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. The median home price in Center Ossipee is $181,750, with median tax bills ranging from $2,100 at the 25th percentile to $8,973 at the 90th percentile. The highest and lowest median tax bills both stand at $3,340 in the 03814 zip code. 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 Ossipee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Center Ossipee, Carroll County, New Hampshire
Source: Ownwell
$144,900
$366,450
$588,000
Average Center Ossipee Assessed Value
$181,750
Average Carroll County Assessed Value
$256,900
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Center Ossipee, Carroll County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03814 | $45,690 | $114,266 | $181,750 | $284,000 | $488,190 |
Source: Ownwell
Property Tax Bills Across Center Ossipee, Carroll County, New Hampshire
In Center Ossipee, located in Carroll County, NH, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the town's assessor and reflects the market value of the home. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. Homeowners in Center Ossipee typically see a range of tax bills. For example, the 25th percentile tax bill is around $2,100, while the 75th percentile tax bill can reach $5,202. Those at the 90th percentile may pay as much as $8,973 annually. These figures indicate a significant variation based on property values and specific assessments. Compared to the national median property tax rate of 0.99%, the tax obligations in Center Ossipee can vary widely, impacting homeowners differently depending on their property's assessed value. This system ensures that property taxes are proportionate to the value of the property, providing essential funding for local services and infrastructure.
Property Tax Bills Across Center Ossipee, Carroll County, New Hampshire
Source: Ownwell
$1,714
$3,498
$5,282
Average Center Ossipee Tax Bill
$3,340
Average Carroll County Tax Bill
$3,014
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across Center Ossipee, Carroll County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03814 | $840 | $2,100 | $3,340 | $5,202 | $8,973 |
Source: Ownwell