Center Tuftonboro, Carroll County, New Hampshire Property Taxes
The median property tax rate in Center Tuftonboro, NH is 0.64%, considerably 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 Tuftonboro at $414,450, the typical annual property tax bill reaches $2,669, just under the national median of $2,690. Property taxes in Center Tuftonboro 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 Tuftonboro'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 Tuftonboro 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 Tuftonboro, Carroll County, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$2,652
$2,461
Ownwell’s Center Tuftonboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Center Tuftonboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Center Tuftonboro 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 Tuftonboro, Carroll County, New Hampshire
Property taxes in Center Tuftonboro, New Hampshire, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Center Tuftonboro is 0.64%, lower than the U.S. national median of 0.99%. Local government entities within Center Tuftonboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Center Tuftonboro 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 Tuftonboro's effective property tax rate to other areas in New Hampshire and the national median. For comparison, the 03816 zip code has the same median property tax rate of 0.64%. Understanding how these areas compare with Center Tuftonboro 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 Tuftonboro, Carroll County, New Hampshire
Source: Ownwell
0.36%
1.37%
2.38%
Average Center Tuftonboro Tax Rate
0.64%
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 Tuftonboro, Carroll County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03816 | 0.64% | 0.64% | 0.64% | 0.64% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Center Tuftonboro, Carroll County, New Hampshire
In Center Tuftonboro, 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 Tuftonboro, 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. The median home price in the area is $414,450, with tax bills ranging from $1,965 at the 25th percentile to $6,840 at the 90th percentile. The zip code with the highest and lowest median tax bill, both at $2,669, is 03816. Being aware of these valuation processes in Center Tuftonboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Center Tuftonboro, Carroll County, New Hampshire
Source: Ownwell
$144,900
$366,450
$588,000
Average Center Tuftonboro Assessed Value
$414,450
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 Tuftonboro, Carroll County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03816 | $194,540 | $305,525 | $414,450 | $613,075 | $1,062,082 |
Source: Ownwell
Property Tax Bills Across Center Tuftonboro, Carroll County, New Hampshire
In Center Tuftonboro, Carroll County, NH, property tax bills are calculated based on the assessed value of the property. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. For instance, with a median home price of $414,450, homeowners can expect varying tax bills depending on where their property falls within the assessment range. Homeowners in the 25th percentile of tax bills see payments around $1,965, while those in the 75th percentile face bills closer to $3,948. At the higher end, the 90th percentile tax bill reaches approximately $6,840. This range highlights the variability in property tax burdens across different homes. Notably, the median tax bill in Carroll County is $2,669, which is relatively high compared to the national median property tax rate of 0.99%. This significant tax obligation underscores the importance of understanding property assessments and their impact on annual tax bills for homeowners in Center Tuftonboro.
Property Tax Bills Across Center Tuftonboro, Carroll County, New Hampshire
Source: Ownwell
$1,714
$3,498
$5,282
Average Center Tuftonboro Tax Bill
$2,669
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 Tuftonboro, Carroll County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03816 | $1,253 | $1,965 | $2,669 | $3,948 | $6,840 |
Source: Ownwell