Middleton, New Hampshire Property Taxes
The median property tax rate in Middleton, NH is 1.23%, 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 Middleton, the typical annual property tax bill reaches $1,566, which is below the national median of $2,690. Property taxes in Middleton 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 Middleton'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 Middleton 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
Middleton, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$1,572
Ownwell’s Middleton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Middleton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Middleton 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 Middleton, New Hampshire
Property taxes in Middleton, 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 Middleton is 1.23%, significantly higher than the U.S. national median of 0.99%. Local government entities within Middleton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Middleton 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 Middleton's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the zip code 03887 has the highest median property tax rate of 1.23%, while the same zip code also has the lowest median tax rate of 1.23%. Understanding how these cities compare with Middleton 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 Middleton 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 Middleton, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03887 | 1.22% | 1.23% | 1.23% | 1.23% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Middleton, New Hampshire
In Middleton, 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 local appraisal authorities 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 Middleton, 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 Middleton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Middleton is $127,800, with tax bills varying from $1,494 at the 25th percentile to $1,906 at the 90th percentile. The highest and lowest median tax bills are both $1,566 in the 03887 zip code.
Property Tax Assessment Values Across Middleton, New Hampshire
Source: Ownwell
$127,800
$357,900
$588,000
Average Middleton Assessed Value
$127,800
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 Middleton, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03887 | $118,440 | $121,950 | $127,800 | $145,150 | $155,560 |
Source: Ownwell
Property Tax Bills Across Middleton, New Hampshire
In Middleton, New Hampshire, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the town's assessor and reflects the market value of the property. This value is then multiplied by the local tax rate to calculate the annual tax bill. For example, with a median home price of $127,800 and considering the local tax rate, homeowners in Middleton can expect their property tax bills to range from $1,494 at the 25th percentile to $1,906 at the 90th percentile. Several factors influence the assessed value, including the property's size, location, and condition. Homeowners may see variations in their tax bills based on these assessments. Compared to the national median property tax rate of 0.99%, Middleton's tax rates can significantly impact homeowners, making it crucial for residents to understand their property's assessed value and any available exemptions or appeal options to potentially lower their tax burden.
Average Middleton Tax Bill
$1,566
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 Middleton, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03887 | $1,451 | $1,494 | $1,566 | $1,778 | $1,906 |
Source: Ownwell