Lyme Center, Grafton County, New Hampshire Property Taxes
The median property tax rate in Lyme Center, NH is 2.40%, 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 Lyme Center at $296,600, the typical annual property tax bill reaches $7,112, far exceeding the national median of $2,690. Property taxes in Lyme Center 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 Lyme Center'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 Lyme Center 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
Lyme Center, Grafton County, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.4%
Estimate Property Tax Bill
$7,118
$6,606
Ownwell’s Lyme Center Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lyme Center with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lyme Center 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 Lyme Center, Grafton County, New Hampshire
Property taxes in Lyme Center, 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 Lyme Center is 2.40%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Lyme Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lyme Center 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 Lyme Center's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03769 zip code has the highest median property tax rate of 2.40%, while the 03769 zip code also has the lowest median tax rate of 2.40%. Understanding how these cities compare with Lyme Center 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 Lyme Center Tax Rate
2.40%
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 Lyme Center, Grafton County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03769 | 2.40% | 2.40% | 2.40% | 2.40% | 2.40% |
Source: Ownwell
Property Tax Assessment Values Across Lyme Center, Grafton County, New Hampshire
In Lyme Center, 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 Lyme Center, 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 Lyme Center helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 03769 has the highest and lowest median tax bill at $7,112, reflecting the local property tax landscape.
Property Tax Assessment Values Across Lyme Center, Grafton County, New Hampshire
Source: Ownwell
$95,070
$382,085
$669,100
Average Lyme Center Assessed Value
$296,600
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 Lyme Center, Grafton County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03769 | $182,300 | $229,550 | $296,600 | $382,350 | $691,300 |
Source: Ownwell
Property Tax Bills Across Lyme Center, Grafton County, New Hampshire
Property tax bills in Lyme Center, part of Grafton County, NH, are determined by assessing the value of a property and applying the local tax rate. The assessed value is based on the market value of homes, which in Lyme Center has a median of $296,600. This value is then multiplied by the local tax rate to calculate the annual tax bill. Homeowners in Lyme Center can expect significant variability in their tax bills, with the 25th percentile at $5,505 and the 75th percentile at $9,168. For those at the 90th percentile, tax bills can reach as high as $16,577. The highest and lowest median tax bills in the area are both $7,112, indicating a uniform rate within the zip code 03769. Compared to the national median property tax rate of 0.99%, Lyme Center's property taxes can be relatively high, impacting how much homeowners need to budget annually. These taxes fund essential local services, making them a crucial component of community infrastructure.
Property Tax Bills Across Lyme Center, Grafton County, New Hampshire
Source: Ownwell
$2,100
$6,988
$11,876
Average Lyme Center Tax Bill
$7,112
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 Lyme Center, Grafton County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03769 | $4,372 | $5,505 | $7,112 | $9,168 | $16,577 |
Source: Ownwell