Chatham, New Hampshire Property Taxes
The median property tax rate in Chatham, NH is 1.34%, which is notably higher than the national median of 0.99% but lower than the New Hampshire state median of 1.91%. With the median home value in Chatham at $202,628, the typical annual property tax bill amounts to $2,731, slightly above the national median of $2,690. Property taxes in Chatham are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Chatham'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 Chatham or another part of Carroll County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chatham, New Hampshire Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.91%
Estimate Property Tax Bill
$3,820
Ownwell’s Chatham Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Chatham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chatham to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in seeing trends on a neighborhood level, more localized information is available below. Your property’s assessed value is the value assigned by Carroll County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Chatham, New Hampshire
Property taxes in Chatham, New Hampshire, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chatham is 1.34%, higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Chatham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chatham 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 Chatham's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03813 zip code has the highest median property tax rate of 1.34%, while the same zip code also has the lowest median tax rate of 1.34%. Understanding how these cities compare with Chatham 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.
Average Chatham Tax Rate
1.34%
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 Chatham, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03813 | 1.34% | 1.34% | 1.34% | 1.34% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Chatham, New Hampshire
In Chatham, 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 Chatham, 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 Chatham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Chatham are both $2731, found in zip code 03813.
Average Chatham Assessed Value
$202,628
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 Chatham, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03813 | $71,115 | $129,950 | $202,628 | $268,200 | $414,060 |
Source: Ownwell
Property Tax Bills Across Chatham, New Hampshire
In Chatham, Carroll County, NH, property tax bills are calculated based on the assessed value of a property and the local tax rate. The median home price in Chatham is $202,628, and the property tax rate is determined by local government budgets and assessed property values. Homeowners can expect varying tax bills depending on the assessed value of their homes. For instance, the 25th percentile tax bill is $1,768, while the 75th percentile tax bill reaches $3,682, and those in the 90th percentile may see tax bills as high as $5,536. These tax bills are influenced by several factors, including property size, location, and market conditions. Compared to the national median property tax rate of 0.99%, Chatham's rates reflect the specific fiscal needs and property values within Carroll County. This system ensures that homeowners contribute fairly to local services and infrastructure, but it can also mean significant differences in tax obligations depending on the property's assessed value.
Average Chatham Tax Bill
$2,731
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 Chatham, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03813 | $969 | $1,768 | $2,731 | $3,682 | $5,536 |
Source: Ownwell