North Stratford, New Hampshire Property Taxes
The median property tax rate in North Stratford, NH is 1.92%, slightly higher than both the national median of 0.99% and the New Hampshire state median of 1.91%. With the median home value in North Stratford, the typical annual property tax bill reaches $1,401, which is below the national median of $2,690. Property taxes in North Stratford 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 North Stratford'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 North Stratford 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
North Stratford, 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 North Stratford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Stratford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Stratford 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 North Stratford, New Hampshire
Property taxes in North Stratford, 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 North Stratford is 1.92%, significantly higher than the U.S. national median of 0.99%. Local government entities within North Stratford set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Stratford 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. For comparison, the zip code 03590 has the highest median property tax rate of 1.92%, while the same zip code also has the lowest median tax rate of 1.92%. Understanding how these cities compare with North Stratford 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 North Stratford Tax Rate
1.92%
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 North Stratford, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03590 | 1.53% | 1.91% | 1.92% | 1.92% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across North Stratford, New Hampshire
In North Stratford, 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 local appraisal authorities 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 North Stratford, 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 North Stratford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in North Stratford is $77,579, with tax bills ranging from $782 at the 25th percentile to $3,253 at the 90th percentile. The zip code 03590 has both the highest and lowest median tax bill, both at $1,401.
Property Tax Assessment Values Across North Stratford, New Hampshire
Source: Ownwell
$32,700
$612,630
$1,192,560
Average North Stratford Assessed Value
$77,579
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 North Stratford, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03590 | $9,020 | $43,050 | $77,579 | $131,050 | $175,700 |
Source: Ownwell
Property Tax Bills Across North Stratford, New Hampshire
In North Stratford, located in Coos County, NH, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors such as the home's size, location, and condition influence its assessed value. Homeowners in North Stratford experience a range of property tax bills, with the 25th percentile at $782 and the 75th percentile at $2,355 annually. The highest median tax bill in the area is $1,401, consistent across the zip code 03590. Compared to the national median property tax rate of 0.99%, North Stratford's property tax bills reflect the local economic conditions and property values. Homeowners must budget for these taxes, which can significantly impact their annual expenses. Understanding how these bills are calculated helps residents anticipate their financial obligations and plan accordingly.
Average North Stratford Tax Bill
$1,401
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 North Stratford, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03590 | $163 | $782 | $1,401 | $2,355 | $3,253 |
Source: Ownwell