East Wakefield, New Hampshire Property Taxes
The median property tax rate in East Wakefield, NH is 1.23%, considerably 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 East Wakefield at $214,650, the typical annual property tax bill reaches $2,642, slightly below the national median of $2,690. Property taxes in East Wakefield 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 East Wakefield'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 East Wakefield 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
East Wakefield, 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 East Wakefield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Wakefield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Wakefield 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 East Wakefield, New Hampshire
Property taxes in East Wakefield, New Hampshire, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Wakefield is 1.23%, higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within East Wakefield set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Wakefield 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 East Wakefield's effective property tax rate to other areas in Carroll County and the national median. For comparison, the 03830 zip code has the highest median property tax rate of 1.23%, while the 03830 zip code also has the lowest median tax rate of 1.23%. Understanding how these cities compare with East Wakefield 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 East Wakefield Tax Rate
1.23%
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 East Wakefield, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03830 | 1.22% | 1.22% | 1.23% | 1.23% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across East Wakefield, New Hampshire
In East Wakefield, 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 East Wakefield, 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 East Wakefield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with both the highest and lowest median tax bill is 03830, with a median tax bill of $2,642.
Property Tax Assessment Values Across East Wakefield, New Hampshire
Source: Ownwell
$127,800
$357,900
$588,000
Average East Wakefield Assessed Value
$214,650
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 East Wakefield, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03830 | $14,460 | $114,725 | $214,650 | $329,025 | $438,660 |
Source: Ownwell
Property Tax Bills Across East Wakefield, New Hampshire
In East Wakefield, located in Carroll County, NH, property tax bills are determined through a combination of the property's assessed value and the local tax rate. The assessed value is an estimate of the property's market value, and this figure is multiplied by the local tax rate to calculate the annual tax bill. For example, with a median home price of $214,650, homeowners in East Wakefield can expect varying tax bills depending on their property's specific assessed value and any applicable exemptions. Tax bills in East Wakefield range significantly, with the 25th percentile at $1,470 and the 75th percentile reaching $4,054. The highest tax bills, in the 90th percentile, can go up to $5,378. This variation reflects differences in property values and the application of local tax rates. For homeowners, these property taxes fund essential public services such as schools, infrastructure, and emergency services. Comparing to the national median property tax rate of 0.99%, East Wakefield’s rates can be seen as relatively high, impacting the overall cost of homeownership in the area.
Average East Wakefield Tax Bill
$2,642
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 East Wakefield, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03830 | $200 | $1,470 | $2,642 | $4,054 | $5,378 |
Source: Ownwell