Littleton, New Hampshire Property Taxes
The median property tax rate in Littleton, NH is 2.31%, 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 Littleton at $170,800, the typical annual property tax bill reaches $3,946, exceeding the national median of $2,690. Property taxes in Littleton 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 Littleton'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 Littleton 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
Littleton, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.31%
Estimate Property Tax Bill
$3,945
Ownwell’s Littleton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Littleton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Littleton 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 Littleton, New Hampshire
Property taxes in Littleton, New Hampshire, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Littleton is 2.31%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Littleton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Littleton 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 Littleton's effective property tax rate to other areas in New Hampshire and the national median. For comparison, the zip code 03561 has the highest median property tax rate of 2.31%, while the lowest median tax rate is also 2.31%. Understanding how these cities compare with Littleton 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 Littleton Tax Rate
2.31%
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 Littleton, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03561 | 2.31% | 2.31% | 2.31% | 2.31% | 2.31% |
Source: Ownwell
Property Tax Assessment Values Across Littleton, New Hampshire
In Littleton, 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 local appraisal authorities 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 Littleton, 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 Littleton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $3946 in zip code 03561, which is also the lowest median tax bill, reflecting a uniformity in tax assessments in this area.
Property Tax Assessment Values Across Littleton, New Hampshire
Source: Ownwell
$68,590
$368,845
$669,100
Average Littleton Assessed Value
$170,800
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 Littleton, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03561 | $52,850 | $121,475 | $170,800 | $222,518 | $294,100 |
Source: Ownwell
Property Tax Bills Across Littleton, New Hampshire
In Littleton, NH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value reflects the market value determined by the local assessor. For example, with a median home price of $170,800, the tax bill can range significantly. Local factors such as property size, location, and improvements are considered in the assessment. Homeowners in Littleton face a median property tax rate higher than the national average of 0.99%, resulting in notable tax bills. The 25th percentile tax bill is $2,811, while the 75th percentile reaches $5,133, and the 90th percentile can be as high as $6,787. These figures illustrate the variability in tax liabilities, significantly impacting homeowners' finances. In Grafton County, where Littleton is located, the highest and lowest median tax bills are both $3,946, indicating a consistent tax burden across the area. This consistency provides homeowners with a predictable tax environment, albeit higher than the national median.
Average Littleton Tax Bill
$3,946
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 Littleton, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03561 | $1,259 | $2,811 | $3,946 | $5,133 | $6,787 |
Source: Ownwell