Monroe, Grafton County, New Hampshire Property Taxes

Name: Property Tax Bills Across Monroe, Grafton County, New Hampshire
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Monroe, NH effective property tax rate: 1.22%, significantly higher than the national median of 1.02%, but lower than the New Hampshire state median of 1.91%.
Median Monroe, NH home value: $172,300
Median annual Monroe, NH tax bill: $2,100, $300 lower than the national median property tax bill of $2,400.

How are property taxes in Grafton calculated?

Property taxes in Monroe, 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 Monroe’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Monroe, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Monroe, Grafton County, New Hampshire Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.22%

Estimate Property Tax Bill

$2,102

$1,951

Ownwell’s Monroe Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Monroe with just two data points. By entering your property's estimated assessed value, our calculator applies Monroe’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Grafton County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Monroe, Grafton County, New Hampshire

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Monroe’s effective property tax rate to other cities in New Hampshire and the median property tax rates in New Hampshire and the U.S.

Property Tax Rates Across Monroe, Grafton County, New Hampshire

Source: Ownwell

0.64%

2.03%

3.43%

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 Monroe Tax Rate

1.22%

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 Monroe, Grafton County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
03771	1.22%	1.22%	1.22%	1.22%	1.22%

Source: Ownwell

Property Tax Assessment Values Across Monroe, Grafton County, New Hampshire

When examining property taxes in Monroe, 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 May. 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 Monroe. For example, the median home price in Monroe is $172,300, with tax bills ranging significantly across the county. Zip code 03771 has the highest median home price at $172,300.

Property Tax Assessment Values Across Monroe, Grafton County, New Hampshire

Source: Ownwell

$95,070

$382,085

$669,100

Median Monroe Market Value

$172,300

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 Monroe, Grafton County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
03771	$98,722	$140,100	$172,300	$210,400	$270,913

Source: Ownwell

Property Tax Bills Across Monroe, Grafton County, New Hampshire

In Monroe, located in Grafton County, NH, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners in Monroe face a median property tax bill of $2,100, which aligns closely with the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,708 and the 75th percentile reaching $2,565, while the 90th percentile can go as high as $3,302. These variations depend on factors such as the property's location, size, and condition. Property taxes represent a significant expense for homeowners, impacting their overall financial health. Ownwell offers services to help homeowners in Monroe potentially reduce their property tax bills through appeals and exemptions. By analyzing the assessed value and comparing it to similar properties, Ownwell identifies discrepancies and works on behalf of homeowners to ensure they are not overpaying, thus maximizing their savings.

Property Tax Bills Across Monroe, Grafton County, New Hampshire

Source: Ownwell

$2,100

$6,988

$11,876

Median Monroe Tax Bill

$2,100

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 Monroe, Grafton County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
03771	$1,204	$1,708	$2,100	$2,565	$3,302

Source: Ownwell