Dorchester, New Hampshire Property Taxes
The median property tax rate in Dorchester, NH is 2.31%, 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 Dorchester, the typical annual property tax bill reaches $3,473, exceeding the national median of $2,690. Property taxes in Dorchester 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 Dorchester'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 Dorchester 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
Dorchester, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.31%
Estimate Property Tax Bill
$3,468
Ownwell’s Dorchester Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dorchester with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dorchester 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 Dorchester, New Hampshire
Property taxes in Dorchester, 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 Dorchester is 2.31%, significantly higher than the U.S. national median of 0.99%. Local government entities within Dorchester set these rates annually, and they can vary across different neighborhoods. Each year, Dorchester 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 Dorchester's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the zip code 03266 has the highest median property tax rate of 2.31%, while the same zip code also has the lowest median tax rate of 2.31%. Understanding how these cities compare with Dorchester provides valuable insights into the varying tax landscape across Grafton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dorchester Tax Rate
2.31%
Average Grafton County Tax Rate
2.30%
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dorchester, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03266 | 2.31% | 2.31% | 2.31% | 2.31% | 2.31% |
Source: Ownwell
Property Tax Assessment Values Across Dorchester, New Hampshire
In Dorchester, 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 Grafton 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 Dorchester, 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 Dorchester helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Dorchester is $3,473 in the 03266 zip code, which is also the lowest median tax bill.
Property Tax Assessment Values Across Dorchester, New Hampshire
Source: Ownwell
$68,590
$368,845
$669,100
Average Dorchester Assessed Value
$150,138
Average Grafton County Assessed Value
$210,700
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dorchester, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03266 | $67,476 | $100,458 | $150,138 | $192,603 | $243,882 |
Source: Ownwell
Property Tax Bills Across Dorchester, New Hampshire
In Dorchester, Grafton County, NH, property tax bills 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 and reflects the property's market value. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value, thereby impacting the tax bill. Homeowners in Dorchester experience a range of property tax bills. The 25th percentile tax bill is around $2,302, while the 75th percentile reaches $4,454, and the 90th percentile goes up to $5,641. The median home price in Dorchester is $150,138, and the median property tax rate in Grafton County is notably higher than the national median of 0.99%. This higher tax rate can significantly affect homeowners, making property taxes a considerable part of their annual expenses. Understanding these factors can help homeowners better anticipate and manage their property tax obligations.
Average Dorchester Tax Bill
$3,473
Average Grafton County Tax Bill
$4,270
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across Dorchester, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03266 | $1,546 | $2,302 | $3,473 | $4,454 | $5,641 |
Source: Ownwell