Kearsarge, New Hampshire Property Taxes
The median property tax rate in Kearsarge, NH is 1.96%, 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 Kearsarge at $306,200, the typical annual property tax bill reaches $6,002, exceeding the national median of $2,690. Property taxes in Kearsarge 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 Kearsarge'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 Kearsarge 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
Kearsarge, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.96%
Estimate Property Tax Bill
$6,002
Ownwell’s Kearsarge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kearsarge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kearsarge 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 Carroll County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Kearsarge, New Hampshire
Property taxes in Kearsarge, 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 Kearsarge is 1.96%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Kearsarge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kearsarge 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 Kearsarge's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03847 zip code has the highest median property tax rate of 1.96%, while the same zip code also has the lowest median tax rate of 1.96%. Understanding how these cities compare with Kearsarge 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 Kearsarge Tax Rate
1.96%
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 Kearsarge, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03847 | 1.96% | 1.96% | 1.96% | 1.96% | 1.96% |
Source: Ownwell
Property Tax Assessment Values Across Kearsarge, New Hampshire
In Kearsarge, 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 Kearsarge, 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 Kearsarge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 03847 in Kearsarge has both the highest and lowest median tax bill at $6,002.
Property Tax Assessment Values Across Kearsarge, New Hampshire
Source: Ownwell
$127,800
$357,900
$588,000
Average Kearsarge Assessed Value
$306,200
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 Kearsarge, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03847 | $306,200 | $306,200 | $306,200 | $306,200 | $306,200 |
Source: Ownwell
Property Tax Bills Across Kearsarge, New Hampshire
In Kearsarge, located in Carroll County, NH, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local assessor's office and reflects the market value of the property. Homeowners in Kearsarge face a median property tax rate significantly higher than the national median of 0.99%. For instance, the tax bill at the 25th, 75th, and 90th percentiles all stand at $6002, which is notably high. Several factors influence the tax bill, including the property's assessed value, any applicable exemptions, and the local tax rate set by the county. This high property tax rate can have a substantial impact on homeowners, potentially making homeownership more costly compared to other regions. The consistency in the tax bills across different percentiles indicates a uniform tax rate, which can affect budgeting and financial planning for residents. Understanding these factors can help homeowners anticipate their annual tax obligations and manage their finances accordingly.
Average Kearsarge Tax Bill
$6,002
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 Kearsarge, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03847 | $6,002 | $6,002 | $6,002 | $6,002 | $6,002 |
Source: Ownwell