Greenfield, New Hampshire Property Taxes
The median property tax rate in Greenfield, NH is 3.39%, 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 Greenfield, the typical annual property tax bill reaches $7,646, exceeding the national median of $2,690. Property taxes in Greenfield 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 Greenfield'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 Greenfield 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
Greenfield, 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 Greenfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greenfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greenfield 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 Greenfield, New Hampshire
Property taxes in Greenfield, 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 Greenfield is 2.99%, which is higher than both the New Hampshire state median of 2.18% and the U.S. national median of 0.99%. Local government entities within Greenfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greenfield 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 Greenfield's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03047 zip code has the highest median property tax rate of 2.99%, while the same zip code also has the lowest median tax rate of 2.99%. Understanding how these cities compare with Greenfield provides valuable insights into the varying tax landscape across Hillsborough County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Greenfield Tax Rate
3.39%
Average Hillsborough County Tax Rate
1.89%
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greenfield, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03047 | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% |
Source: Ownwell
Property Tax Assessment Values Across Greenfield, New Hampshire
Understanding the distinction between "market value" and "assessed value" is crucial for comprehending property taxes in Greenfield, New Hampshire. The market value represents 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 Hillsborough 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. This assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Greenfield, 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 Greenfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Greenfield both stand at $7,646, found in the zip code 03047. This is significantly higher than the national median property tax rate of 0.99%, reflecting the unique property tax landscape in Greenfield.
Property Tax Assessment Values Across Greenfield, New Hampshire
Source: Ownwell
$132,100
$14,406,050
$28,680,000
Average Greenfield Assessed Value
$225,550
Average Hillsborough County Assessed Value
$355,600
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Greenfield, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03047 | $147,270 | $185,125 | $225,550 | $277,574 | $340,190 |
Source: Ownwell
Property Tax Bills Across Greenfield, New Hampshire
In Greenfield, located in Hillsborough County, NH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value represents the local government's estimate of the property's worth, which is then multiplied by the tax rate to determine the annual tax bill. For instance, with a median home price of $225,550, homeowners can expect varying tax bills depending on their property's specific assessed value. Factors such as property size, location, and market conditions play a crucial role in determining the assessed value. In Greenfield, the tax bill at the 25th percentile is $6,276, while it rises to $9,397 at the 75th percentile and even higher to $11,521 at the 90th percentile. These figures highlight the significant impact property taxes have on homeowners, often making up a substantial portion of annual housing expenses. Considering the national median property tax rate is 0.99%, Greenfield's tax rates are notably higher, reflecting the unique economic and market conditions of the area.
Average Greenfield Tax Bill
$7,646
Average Hillsborough County Tax Bill
$6,748
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across Greenfield, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03047 | $4,992 | $6,276 | $7,646 | $9,397 | $11,521 |
Source: Ownwell