Groveton, New Hampshire Property Taxes
The median property tax rate in Groveton, NH is 3.31%, significantly higher than both the national median of 0.99% and New Hampshire's state median of 1.91%. With the median home value in Groveton, the typical annual property tax bill reaches $2,028, which is below the national median of $2,690. Property taxes in Groveton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Groveton'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 Groveton or another part of Coos County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Groveton, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.31%
Estimate Property Tax Bill
$2,147
Ownwell’s Groveton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Groveton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Groveton 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 Groveton, New Hampshire
Property taxes in Groveton, New Hampshire, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Groveton is 3.31%, significantly higher than the U.S. national median of 0.99%. Local government entities within Groveton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Groveton 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 Groveton's effective property tax rate to other areas and the national median. For comparison, the zip code 03582 has the highest median property tax rate of 3.31%, while the same zip code also has the lowest median tax rate of 3.31%. Understanding how these areas compare with Groveton 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 Groveton Tax Rate
3.31%
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 Groveton, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03582 | 1.64% | 3.31% | 3.31% | 3.31% | 3.31% |
Source: Ownwell
Property Tax Assessment Values Across Groveton, New Hampshire
In Groveton, 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 Groveton, 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 Groveton 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 $2,028, found in the 03582 zip code.
Property Tax Assessment Values Across Groveton, New Hampshire
Source: Ownwell
$32,700
$612,630
$1,192,560
Average Groveton Assessed Value
$64,865
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 Groveton, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03582 | $22,748 | $43,475 | $64,865 | $92,481 | $127,940 |
Source: Ownwell
Property Tax Bills Across Groveton, New Hampshire
Property tax bills in Groveton, located in Coos County, NH, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor's office, which evaluates the property's market value. This assessed value is then multiplied by the tax rate to determine the annual tax bill. Homeowners in Groveton experience a range of tax bills. For instance, the 25th percentile tax bill is $1,330, while the 75th percentile tax bill is $2,790. The 90th percentile tax bill can reach up to $3,683. The highest and lowest median tax bills in the area are both recorded at $2,028 for the zip code 03582. These property taxes fund essential local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, homeowners in Groveton may find their tax burdens vary significantly based on property values and local tax rates, impacting their overall cost of living.
Average Groveton Tax Bill
$2,028
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 Groveton, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03582 | $733 | $1,330 | $2,028 | $2,790 | $3,683 |
Source: Ownwell