Woodsville, New Hampshire Property Taxes
The median property tax rate in Woodsville, NH is 2.49%, considerably higher than both the national median of 0.99% and the New Hampshire state median of 1.91%. With a median home value of $137,500 in Woodsville, the typical annual property tax bill reaches $3,149, exceeding the national median of $2,690. Property taxes in Woodsville 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 Woodsville'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 Woodsville 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
Woodsville, 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 Woodsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Woodsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Woodsville 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 Woodsville, New Hampshire
Property taxes in Woodsville, New Hampshire, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Woodsville is 2.49%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Woodsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woodsville 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 Woodsville's effective property tax rate to other areas in Grafton County and the national median. For comparison, the 03785 zip code has the highest median property tax rate of 2.49%, while the same zip code also has the lowest median tax rate of 2.49%. Understanding how these figures compare with Woodsville 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 Woodsville Tax Rate
2.49%
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 Woodsville, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03785 | 1.84% | 2.49% | 2.49% | 2.49% | 2.49% |
Source: Ownwell
Property Tax Assessment Values Across Woodsville, New Hampshire
In Woodsville, 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 Woodsville, 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 Woodsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median home price is $137,500, with the median tax bill being $3,149 in zip code 03785, which is consistent across the highest and lowest tax bills in the area.
Property Tax Assessment Values Across Woodsville, New Hampshire
Source: Ownwell
$68,590
$368,845
$669,100
Average Woodsville Assessed Value
$137,500
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 Woodsville, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03785 | $67,000 | $99,800 | $137,500 | $175,900 | $213,300 |
Source: Ownwell
Property Tax Bills Across Woodsville, New Hampshire
In Woodsville, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, the median home price in Woodsville is $137,500. Depending on various factors such as property location and market conditions, tax bills can vary significantly. Homeowners at the 25th percentile pay around $2,310, while those at the 75th percentile see bills closer to $3,945. The top 10% of homeowners face tax bills as high as $5,010. These tax bills are influenced by multiple factors, including property size, condition, and neighborhood characteristics. Compared to the national median property tax rate of 0.99%, Woodsville's rates can be relatively high, impacting homeowners' annual expenses. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Woodsville Tax Bill
$3,149
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 Woodsville, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03785 | $1,362 | $2,310 | $3,149 | $3,945 | $5,010 |
Source: Ownwell