Lincoln, New Hampshire Property Taxes
The median property tax rate in Lincoln, NH is 1.06%, slightly higher than the national median of 0.99% but significantly lower than the New Hampshire state median of 1.91%. With the median home value in Lincoln at $260,400, the typical annual property tax bill reaches $2,747, which is above the national median of $2,690. Property taxes in Lincoln are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Lincoln'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 Lincoln 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
Lincoln, 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 Lincoln Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lincoln with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lincoln 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 Lincoln, New Hampshire
Property taxes in Lincoln, NH, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lincoln is 1.06%, higher than the U.S. national median of 0.99%. Local government entities within Lincoln set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lincoln 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 Lincoln's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03251 zip code has the highest median property tax rate of 1.06%, while also having the lowest median tax rate of 1.06%. Understanding how these rates compare with Lincoln 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 Lincoln Tax Rate
1.06%
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 Lincoln, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03251 | 1.05% | 1.05% | 1.06% | 1.06% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Lincoln, New Hampshire
In Lincoln, 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 Lincoln, 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. The median home price in Lincoln is $260,400. The median tax bill ranges from $1,293 at the 25th percentile to $6,734 at the 90th percentile. The highest and lowest median tax bills are both $2,747, found in the 03251 zip code. 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 Lincoln helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lincoln Assessed Value
$260,400
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 Lincoln, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03251 | $21,000 | $122,600 | $260,400 | $407,225 | $638,310 |
Source: Ownwell
Property Tax Bills Across Lincoln, New Hampshire
In LINCOLN, NH, property tax bills are calculated based on the assessed value of a property and the local tax rate. Homeowners in Lincoln face a median home price of $260,400. The tax bill is determined by multiplying the assessed value of the property by the tax rate set by local authorities. Various factors impact the assessed value, including the property's location, size, and condition. Homeowners in Lincoln experience a wide range of property tax bills. The 25th percentile tax bill is $1,293, while the 75th percentile tax bill reaches $4,296, and the 90th percentile tax bill can soar to $6,734. The highest and lowest median tax bills in the area are both $2,747, indicating a consistent tax rate within the 03251 zip code. These property taxes significantly impact homeowners, as they represent a substantial annual expense. Compared to the national median property tax rate of 0.99%, Lincoln's property tax rate can be a considerable factor in the overall cost of homeownership.
Average Lincoln Tax Bill
$2,747
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 Lincoln, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03251 | $222 | $1,293 | $2,747 | $4,296 | $6,734 |
Source: Ownwell