Stoddard, New Hampshire Property Taxes
The median property tax rate in Stoddard, NH is 1.63%, which is 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 Stoddard at $225,910, the typical annual property tax bill reaches $3,689, exceeding the national median of $2,690. Property taxes in Stoddard 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 Stoddard'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 Stoddard 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
Stoddard, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.63%
Estimate Property Tax Bill
$3,682
Ownwell’s Stoddard Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Stoddard. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Stoddard to provide an accurate estimate of your property tax bill. This valuable resource helps you grasp your potential tax liabilities effortlessly. For those interested in more detailed neighborhood trends, additional localized information is available below. Your property’s assessed value is determined by Cheshire County for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Stoddard, New Hampshire
Property taxes in Stoddard, 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 Stoddard is 1.63%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Stoddard set these rates annually, and they can vary across different neighborhoods. Each year, Stoddard 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 Stoddard's effective property tax rate to other areas in Cheshire County and the national median. For comparison, the zip code 03464 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 figures compare with Stoddard 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 Stoddard 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 Stoddard, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03464 | 1.63% | 1.63% | 1.63% | 1.63% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Stoddard, New Hampshire
In Stoddard, 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 Stoddard, 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 Stoddard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Stoddard is $3,689 in the 03464 ZIP code.
Property Tax Assessment Values Across Stoddard, New Hampshire
Source: Ownwell
$134,200
$264,050
$393,900
Average Stoddard Assessed Value
$225,910
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 Stoddard, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03464 | $107,650 | $167,730 | $225,910 | $290,665 | $371,576 |
Source: Ownwell
Property Tax Bills Across Stoddard, New Hampshire
In Stoddard, located in Cheshire County, NH, 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, reflecting the home's market value. For example, with a median home price of $225,910, homeowners can expect their tax bill to be influenced by this valuation. The local tax rate is applied to this assessed value to determine the final tax bill. Tax bills in Stoddard vary significantly, with the 25th percentile at $2,739 and the 75th percentile reaching $4,746. The 90th percentile can see tax bills as high as $6,068. These figures highlight the range of tax burdens that homeowners might experience depending on their property's assessed value. Compared to the national median property tax rate of 0.99%, Cheshire County's rates can significantly impact homeowners' finances, making it crucial for residents to understand how their property is assessed and taxed.
Average Stoddard Tax Bill
$3,689
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 Stoddard, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03464 | $1,770 | $2,739 | $3,689 | $4,746 | $6,068 |
Source: Ownwell