Drewsville, New Hampshire Property Taxes
The median property tax rate in Drewsville, NH, is 1.63%, significantly higher than the national median of 0.99% but lower than the New Hampshire state median of 1.91%. With a median home value of $273,100 in Drewsville, the typical annual property tax bill reaches $4,460, surpassing the national median of $2,690. Property taxes in Drewsville 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 Drewsville'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 Drewsville 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
Drewsville, 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 Drewsille Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Drewsille with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Drewsille 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 Drewsville, New Hampshire
Property taxes in Drewsville, New Hampshire, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Drewsville is 1.63%, significantly higher than the U.S. national median of 0.99%. Local government entities within Drewsville set these rates annually, and they can vary across different neighborhoods. Each year, Drewsville 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 Drewsville's effective property tax rate to other areas in Cheshire County and the national median. For comparison, the 03604 zip code has the highest median property tax rate of 1.63%, while the same zip code also has the lowest median tax rate of 1.63%. Understanding how these areas compare with Drewsville provides valuable insights into the varying tax landscape across Cheshire County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Drewsville Tax Rate
1.63%
Average Cheshire County Tax Rate
2.60%
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Drewsville, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03604 | 1.63% | 1.63% | 1.63% | 1.63% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Drewsville, New Hampshire
In Drewsille, 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 Cheshire 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 Drewsille, 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 Drewsille helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Drewsille are both $4460.00, found in the 03604 zip code.
Property Tax Assessment Values Across Drewsville, New Hampshire
Source: Ownwell
$134,200
$264,050
$393,900
Average Drewsville Assessed Value
$273,100
Average Cheshire County Assessed Value
$207,690
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Drewsville, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03604 | $273,100 | $273,100 | $273,100 | $273,100 | $273,100 |
Source: Ownwell
Property Tax Bills Across Drewsville, New Hampshire
In Drewsille, Cheshire County, NH, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the town's assessor and reflects the market value of your property. This value is then multiplied by the local tax rate to calculate your annual tax bill. For instance, with a median home price of $273,100, homeowners in Drewsille can expect a tax bill around $4,460, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the assessed value, including the size of the property, location, and market conditions. This high tax rate can have a substantial impact on homeowners, making it essential to ensure that your property is assessed correctly. A higher tax bill can affect your overall housing costs and could be a deciding factor when purchasing or selling a home. Understanding these components helps homeowners plan their finances better and potentially appeal if they believe their property is over-assessed.
Average Drewsville Tax Bill
$4,460
Average Cheshire County Tax Bill
$5,311
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across Drewsville, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03604 | $4,460 | $4,460 | $4,460 | $4,460 | $4,460 |
Source: Ownwell