Ellsworth, New Hampshire Property Taxes
The median property tax rate in Ellsworth, NH is 1.50%, 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 Ellsworth at $220,950, the typical annual property tax bill reaches $3,316, exceeding the national median of $2,690. Property taxes in Ellsworth 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 Ellsworth'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 Ellsworth 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
Ellsworth, 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 Ellsworth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ellsworth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ellsworth 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 Ellsworth, New Hampshire
Property taxes in Ellsworth, New Hampshire, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ellsworth is 1.50%, significantly higher than the U.S. national median of 0.99%. Local government entities within Ellsworth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ellsworth 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 Ellsworth's effective property tax rate to other areas in New Hampshire and the national median. For comparison, the 03223 zip code has the highest median property tax rate of 1.50%, while the same zip code also represents the lowest median tax rate of 1.50%. Understanding how these cities compare with Ellsworth 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 Ellsworth Tax Rate
1.50%
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 Ellsworth, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03223 | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Ellsworth, New Hampshire
In Ellsworth, 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 Ellsworth, 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 Ellsworth 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 region, both at $3316, are found in the 03223 zip code, highlighting the uniformity in tax burdens within the area.
Property Tax Assessment Values Across Ellsworth, New Hampshire
Source: Ownwell
$68,590
$368,845
$669,100
Average Ellsworth Assessed Value
$220,950
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 Ellsworth, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03223 | $110,400 | $164,750 | $220,950 | $254,274 | $293,350 |
Source: Ownwell
Property Tax Bills Across Ellsworth, New Hampshire
In Ellsworth, 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 the city's assessor and reflects the market value of the property. This value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, age, and condition. For homeowners in Ellsworth, the median home price is $220,950, with property tax bills ranging from $2,473 at the 25th percentile to $4,404 at the 90th percentile. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. The highest median tax bill in the area is $3,316, found in the 03223 zip code. Homeowners must consider these factors as property taxes significantly impact their annual expenses and overall cost of homeownership. Understanding how these elements interact helps homeowners anticipate their financial obligations better.
Average Ellsworth Tax Bill
$3,316
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 Ellsworth, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03223 | $1,658 | $2,473 | $3,316 | $3,817 | $4,404 |
Source: Ownwell