Bethlehem, New Hampshire Property Taxes
The median property tax rate in Bethlehem, NH is 2.54%, 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 Bethlehem, the typical annual property tax bill reaches $4,012, exceeding the national median of $2,690. Property taxes in Bethlehem 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 Bethlehem'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 Bethlehem 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
Bethlehem, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.54%
Estimate Property Tax Bill
$4,009
Ownwell’s Bethlehem Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bethlehem with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bethlehem 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 Bethlehem, New Hampshire
Property taxes in Bethlehem, New Hampshire, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bethlehem is 2.54%, significantly higher than the U.S. national median of 0.99%. Local government entities within Bethlehem set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bethlehem 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 Bethlehem's effective property tax rate to other areas in New Hampshire and the national median. For comparison, the zip code 03574 has both the highest and lowest median property tax rate of 2.54%. Understanding how these areas compare with Bethlehem provides valuable insights into the varying tax landscape across Coos County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bethlehem Tax Rate
2.54%
Average Coos County Tax Rate
2.43%
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bethlehem, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03574 | 2.54% | 2.54% | 2.54% | 2.54% | 2.54% |
Source: Ownwell
Property Tax Assessment Values Across Bethlehem, New Hampshire
In Bethlehem, 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 Coos 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 Bethlehem, 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 Bethlehem helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Bethlehem is $157,844, with the highest and lowest median tax bill both being $4,012 in zip code 03574.
Property Tax Assessment Values Across Bethlehem, New Hampshire
Source: Ownwell
$32,700
$612,630
$1,192,560
Average Bethlehem Assessed Value
$157,844
Average Coos County Assessed Value
$128,700
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bethlehem, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03574 | $65,918 | $120,360 | $157,844 | $245,690 | $305,798 |
Source: Ownwell
Property Tax Bills Across Bethlehem, New Hampshire
In Bethlehem, NH, property tax bills are determined based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the property's market value, which is then multiplied by the tax rate to calculate the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. Homeowners in Bethlehem can expect their tax bills to vary significantly, with the 25th percentile at $3,060 and the 75th percentile at $6,245. For those in the 90th percentile, tax bills can reach up to $7,773. The median home price in Bethlehem is $157,844, and the property tax rate is notably higher than the national median of 0.99%. This higher tax rate can place a substantial financial burden on homeowners, impacting their overall cost of living and potentially influencing decisions related to property ownership and investments in the area.
Average Bethlehem Tax Bill
$4,012
Average Coos County Tax Bill
$2,848
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across Bethlehem, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03574 | $1,675 | $3,060 | $4,012 | $6,245 | $7,773 |
Source: Ownwell