Lisbon, New Hampshire Property Taxes
The median property tax rate in Lisbon, NH is 3.43%, 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 Lisbon, the typical annual property tax bill reaches $3,976, exceeding the national median of $2,690. Property taxes in Lisbon 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 Lisbon'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 Lisbon 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
Lisbon, 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 Lisbon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lisbon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lisbon 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 Lisbon, New Hampshire
Property taxes in Lisbon, 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 Lisbon is 3.43%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Lisbon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lisbon 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 Lisbon's effective property tax rate to other areas in New Hampshire and the national median. For comparison, the zip code 03585 has both the highest and lowest median property tax rate of 3.43%. Understanding how these areas compare with Lisbon 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 Lisbon Tax Rate
3.43%
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 Lisbon, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03585 | 2.27% | 3.43% | 3.43% | 3.43% | 3.43% |
Source: Ownwell
Property Tax Assessment Values Across Lisbon, New Hampshire
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Lisbon, NH. 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. Assessment notices in Lisbon 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 Lisbon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill in Lisbon is 03585, with a median tax bill of $3,976.
Average Lisbon Assessed Value
$120,300
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 Lisbon, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03585 | $50,400 | $81,400 | $120,300 | $164,150 | $222,323 |
Source: Ownwell
Property Tax Bills Across Lisbon, New Hampshire
In Lisbon, Grafton County, NH, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Lisbon is $120,300. Property taxes are then applied to this assessed value using the local tax rate. Factors such as property size, location, and improvements can influence the assessed value, thus impacting the overall tax bill. For homeowners in Lisbon, the tax bill can vary significantly. The 25th percentile tax bill is around $2,624, while the 75th percentile reaches $5,409. At the higher end, the 90th percentile tax bill climbs to $7,071. This variation means that while some homeowners may pay relatively modest taxes, others could face substantial bills depending on their property's specifics. Comparatively, the median property tax rate in Lisbon is higher than the national median of 0.99%, reflecting the local government's budgetary needs and priorities. This can affect homeowners' financial planning and the overall affordability of living in Lisbon.
Average Lisbon Tax Bill
$3,976
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 Lisbon, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03585 | $1,598 | $2,624 | $3,976 | $5,409 | $7,071 |
Source: Ownwell