Grafton, Grafton County, New Hampshire Property Taxes

Name: Property Tax Bills Across Grafton, Grafton County, New Hampshire
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Grafton, NH effective property tax rate: 2.73%, significantly higher than the national median of 1.02%, but lower than the New Hampshire state median of 1.91%.
Median Grafton, NH home value: $150,100
Median annual Grafton, NH tax bill: $4,098, $1,698 higher than the national median property tax bill of $2,400.

How are property taxes in Grafton calculated?

Property taxes in Grafton, NH are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Grafton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Grafton, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Grafton, Grafton County, New Hampshire Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.73%

Estimate Property Tax Bill

$4,098

$3,803

Ownwell’s Grafton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Grafton with just two data points. By entering your property's estimated assessed value, our calculator applies Grafton’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Grafton County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Grafton, Grafton County, New Hampshire

Local government entities are responsible for setting property tax rates, which can differ significantly within a state. This variation occurs because each county annually calculates its needed budget to provide essential services and divides this by the total assessed value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While the process involves votes and legislation to set tax rates and budgets, this is the fundamental annual procedure.

In Grafton, NH, the effective property tax rate provides an interesting point of comparison to other cities within the state and the national averages. With Grafton's median tax rate standing at 2.73%, it is notably higher than the national median property tax rate of 1.02%. This means residents in Grafton typically pay more in property taxes compared to the national average. Understanding these differences is crucial for property owners evaluating their tax liabilities and considering potential appeals or exemptions. By staying informed about local and national property tax trends, property owners can make more strategic decisions regarding their investments.

Property Tax Rates Across Grafton, Grafton County, New Hampshire

Source: Ownwell

0.64%

2.03%

3.43%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Grafton Tax Rate

2.73%

Median Effective Grafton County Tax Rate

2.30%

Median Effective New Hampshire Tax Rate

1.91%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Grafton, Grafton County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
03240	2.73%	2.73%	2.73%	2.73%	2.73%

Source: Ownwell

Property Tax Assessment Values Across Grafton, Grafton County, New Hampshire

When examining property taxes in Grafton, NH, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Grafton County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Grafton County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Grafton. For example, the median home price in Grafton is $150,100, with tax bills ranging significantly across the county. 03240 has the highest median home price at $150,100.

Property Tax Assessment Values Across Grafton, Grafton County, New Hampshire

Source: Ownwell

$95,070

$382,085

$669,100

Median Grafton Market Value

$150,100

Median Grafton County Market Value

$210,700

Median New Hampshire Market Value

$299,765

Median United States Market Value

$235,294

Property Tax Assessment Values Across Grafton, Grafton County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
03240	$63,528	$98,650	$150,100	$197,300	$248,061

Source: Ownwell

Property Tax Bills Across Grafton, Grafton County, New Hampshire

In Grafton, NH, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value is then multiplied by the local property tax rate to yield the tax bill. Factors such as the home's size, location, and condition can influence its assessed value. Homeowners in Grafton face a median tax bill significantly higher than the national median, with the tax bill at the 25th percentile being $2,680 and at the 75th percentile reaching $5,386. This disparity can impact homeowners' budgets, making it crucial to ensure their property is assessed accurately. Ownwell offers expert property tax appeal services, helping homeowners potentially reduce their tax bills. By analyzing assessment data and identifying discrepancies, Ownwell works to ensure homeowners are not overpaying. With personalized guidance and expertise, Ownwell can assist in navigating the complexities of property tax assessments, ultimately aiming to secure savings for homeowners in Grafton.

Property Tax Bills Across Grafton, Grafton County, New Hampshire

Source: Ownwell

$2,100

$6,988

$11,876

Median Grafton Tax Bill

$4,098

Median Grafton County Tax Bill

$4,270

Median New Hampshire Tax Bill

$5,895

Median United States Tax Bill

$2,400

Property Tax Bills Across Grafton, Grafton County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
03240	$1,734	$2,680	$4,098	$5,386	$6,772

Source: Ownwell