Wentworth, New Hampshire Property Taxes
The median property tax rate in Wentworth, NH is 2.02%, 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 Wentworth at $173,500, the typical annual property tax bill reaches $3,508, exceeding the national median of $2,690. Property taxes in Wentworth 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 Wentworth'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 Wentworth 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
Wentworth, 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 Wentworth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wentworth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wentworth 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 Wentworth, New Hampshire
Property taxes in Wentworth, 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 Wentworth is 2.02%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Wentworth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wentworth 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 Wentworth's effective property tax rate to other areas in New Hampshire and the national median. For comparison, the zip code 03282 has the highest median property tax rate of 2.02%, while the same zip code also has the lowest median tax rate of 2.02%. Understanding how these areas compare with Wentworth 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 Wentworth Tax Rate
2.02%
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 Wentworth, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03282 | 2.02% | 2.02% | 2.02% | 2.02% | 2.02% |
Source: Ownwell
Property Tax Assessment Values Across Wentworth, New Hampshire
In Wentworth, 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 Wentworth, 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 Wentworth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 03282 has the highest and lowest median tax bill, both at $3,508.
Property Tax Assessment Values Across Wentworth, New Hampshire
Source: Ownwell
$68,590
$368,845
$669,100
Average Wentworth Assessed Value
$173,500
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 Wentworth, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03282 | $12,212 | $90,625 | $173,500 | $241,072 | $312,230 |
Source: Ownwell
Property Tax Bills Across Wentworth, New Hampshire
In Wentworth, located in Grafton County, NH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by local assessors who evaluate various factors such as the property's size, location, and overall condition. Once the property's assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $173,500, homeowners can expect varying tax bills. The 25th percentile tax bill in Wentworth is $1,849, while the 75th percentile reaches $4,884, and the 90th percentile can go up to $6,327. These figures highlight the range of property taxes that homeowners might face, depending on their property's assessed value and the specific tax rate applied. The property tax rate in Wentworth is significantly above the national median property tax rate of 0.99%, impacting homeowners by potentially increasing their annual financial obligations. Understanding these factors can help homeowners anticipate their property tax responsibilities and budget accordingly.
Average Wentworth Tax Bill
$3,508
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 Wentworth, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03282 | $314 | $1,849 | $3,508 | $4,884 | $6,327 |
Source: Ownwell