Lyme, Grafton County, New Hampshire Property Taxes
Median Lyme, NH effective property tax rate: 2.40%, significantly higher than the national median of 1.02%, but lower than the New Hampshire state median of 1.91%.
Median Lyme, NH home value: $426,750
Median annual Lyme, NH tax bill: $10,234, $7,834 higher than the national median property tax bill of $2,400.
How are property taxes in Grafton calculated?
Property taxes in Lyme, 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 Lyme’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lyme, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lyme, Grafton County, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.4%
Estimate Property Tax Bill
$10,242
$9,504
Property Tax Rates Across Lyme, Grafton County, New Hampshire
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation is due to the fact that each county annually estimates its required budget to provide services and then divides that by the total value of all taxable property within its jurisdiction. This process results in the property tax rate. Though voting and legislation play roles in setting these rates and budgets, this is the core of the annual procedure.
In Lyme, located in Grafton County, the effective property tax rate is a key consideration for homeowners. When comparing Lyme's property tax rate to other cities in New Hampshire, it becomes apparent how property tax rates can differ throughout the state. Additionally, by comparing it to the national median property tax rate, one can gain a clearer perspective on how Lyme's rates stack up against broader trends. Understanding these differences can be crucial for current and potential homeowners looking to manage their property tax expenses effectively.
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 Lyme Tax Rate
2.40%
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 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 Lyme, Grafton County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03768 | 2.40% | 2.40% | 2.40% | 2.40% | 2.40% |
Source: Ownwell
Property Tax Assessment Values Across Lyme, Grafton County, New Hampshire
When examining property taxes in Lyme, 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 April. 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 Lyme. For example, the median home price in Lyme is $426,750, with tax bills ranging significantly across the county. 03768 has the highest median home price at $426,750.
Property Tax Assessment Values Across Lyme, Grafton County, New Hampshire
Source: Ownwell
$95,070
$382,085
$669,100
Median Lyme Market Value
$426,750
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 Lyme, Grafton County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03768 | $186,500 | $287,675 | $426,750 | $625,025 | $853,300 |
Source: Ownwell
Property Tax Bills Across Lyme, Grafton County, New Hampshire
Median Lyme Tax Bill
$10,234
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 Lyme, Grafton County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03768 | $4,472 | $6,898 | $10,234 | $14,988 | $20,463 |
Source: Ownwell