Landaff, Grafton County, New Hampshire Property Taxes
The median property tax rate in Landaff, NH is 2.27%, 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 Landaff at $213,194, the typical annual property tax bill reaches $4,846, exceeding the national median of $2,690. Property taxes in Landaff 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 Landaff'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 Landaff 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
Landaff, Grafton County, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.27%
Estimate Property Tax Bill
$4,840
$4,491
Ownwell’s Landaff Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Landaff with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Landaff 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 Landaff, Grafton County, New Hampshire
Property taxes in Landaff, New Hampshire, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Landaff is 2.27%, significantly higher than the U.S. national median of 0.99%. Local government entities within Landaff set these rates annually, and they can vary significantly across different neighborhoods. Each year, Landaff 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 Landaff's effective property tax rate to other areas in Grafton County and the national median. For comparison, the 03585 zip code has the highest median property tax rate of 2.27%, while the same zip code also has the lowest median tax rate of 2.27%. Understanding how these areas compare with Landaff 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 Landaff Tax Rate
2.27%
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 Landaff, Grafton County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03585 | 2.27% | 2.27% | 2.27% | 2.27% | 2.27% |
Source: Ownwell
Property Tax Assessment Values Across Landaff, Grafton County, New Hampshire
In Landaff, 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 Landaff, 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 Landaff helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Landaff is $4846, both in the 03585 zip code.
Property Tax Assessment Values Across Landaff, Grafton County, New Hampshire
Source: Ownwell
$95,070
$382,085
$669,100
Average Landaff Assessed Value
$213,194
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 Landaff, Grafton County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03585 | $104,870 | $156,250 | $213,194 | $268,500 | $323,874 |
Source: Ownwell
Property Tax Bills Across Landaff, Grafton County, New Hampshire
Property tax bills in Landaff, located in Grafton County, NH, are determined by assessing the market value of a property and applying the local tax rate. The assessed value reflects the estimated market value of the home, which in Landaff has a median home price of $213,194. This value is then multiplied by the property tax rate set by the local government to calculate the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and condition. In Landaff, the tax bills vary significantly, with the 25th percentile at $3,552 and the 75th percentile reaching $6,103. The 90th percentile tax bill can go as high as $7,362, indicating a wide range of property values and corresponding tax obligations. High property tax bills can impact homeowners by increasing the overall cost of homeownership, potentially affecting affordability and long-term financial planning. Compared to the national median property tax rate of 0.99%, Landaff's tax rates may present a higher burden for some residents.
Average Landaff Tax Bill
$4,846
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 Landaff, Grafton County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03585 | $2,384 | $3,552 | $4,846 | $6,103 | $7,362 |
Source: Ownwell