Bretton Woods, New Hampshire Property Taxes
The median property tax rate in Bretton Woods, NH is 1.21%, which is higher than both the national median of 0.99% and the New Hampshire state median of 1.91%. With the median home value in Bretton Woods at $1,192,560, the typical annual property tax bill reaches $14,454, significantly exceeding the national median of $2,690. Property taxes in Bretton Woods 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 Bretton Woods' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Bretton Woods 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
Bretton Woods, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$14,430
Ownwell’s Bretton Woods Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bretton Woods with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bretton Woods 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 Bretton Woods, New Hampshire
Property taxes in Bretton Woods, New Hampshire, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bretton Woods is 1.21%, significantly higher than the U.S. national median of 0.99%. Local government entities within Bretton Woods set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bretton Woods 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 Bretton Woods' effective property tax rate to other areas in New Hampshire and the national median. For comparison, the zip code 03575 has both the highest and lowest median property tax rate of 1.21%. Understanding how these areas compare with Bretton Woods 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 Bretton Woods Tax Rate
1.21%
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 Bretton Woods, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03575 | 1.21% | 1.21% | 1.21% | 1.21% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Bretton Woods, New Hampshire
In Bretton Woods, 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 Bretton Woods, 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 Bretton Woods helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $14,454, found in the 03575 zip code.
Property Tax Assessment Values Across Bretton Woods, New Hampshire
Source: Ownwell
$32,700
$612,630
$1,192,560
Average Bretton Woods Assessed Value
$1,192,560
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 Bretton Woods, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03575 | $1,192,560 | $1,192,560 | $1,192,560 | $1,192,560 | $1,192,560 |
Source: Ownwell
Property Tax Bills Across Bretton Woods, New Hampshire
In Bretton Woods, located in Coos 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 local government assessors who evaluate the market value of properties. Homeowners in Bretton Woods face a median property tax bill of $14,454, which is significantly higher than the national median property tax rate of 0.99%. This high tax bill reflects the area's median home price of $1,192,560. Several factors influence the property tax bill, including property size, location, and market conditions. These elements contribute to the assessed value, which is then multiplied by the local tax rate to determine the final tax bill. For homeowners, this means that property taxes represent a substantial annual expense, impacting their overall cost of living. Given the high median tax bill in Bretton Woods, it's crucial for homeowners to regularly review their property assessments to ensure accuracy and explore potential exemptions or appeals to manage their financial obligations effectively.
Average Bretton Woods Tax Bill
$14,454
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 Bretton Woods, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03575 | $14,454 | $14,454 | $14,454 | $14,454 | $14,454 |
Source: Ownwell