Lyndeboro, New Hampshire Property Taxes
The median property tax rate in Lyndeboro, NH is 2.21%, 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 Lyndeboro, the typical annual property tax bill reaches $4,252, exceeding the national median of $2,690. Property taxes in Lyndeboro 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 Lyndeboro'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 Lyndeboro 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
Lyndeboro, 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 Lyndeboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lyndeboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lyndeboro 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 Lyndeboro, New Hampshire
Property taxes in Lyndeboro, 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 Lyndeboro is 2.21%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Lyndeboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lyndeboro 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. Understanding how Lyndeboro's effective property tax rate compares to other areas within Hillsborough County and the national median provides valuable insights into the varying tax landscape across the region, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lyndeboro Tax Rate
2.21%
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 Lyndeboro, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03082 | 2.21% | 2.21% | 2.21% | 2.21% | 2.21% |
Source: Ownwell
Property Tax Assessment Values Across Lyndeboro, New Hampshire
In Lyndeboro, 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 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. 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 Lyndeboro, 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. For example, the median home price in Lyndeboro is $192,387, with tax bills ranging from $2,495 at the 25th percentile to $7,063 at the 90th percentile. The zip code 03082 has the highest and lowest median tax bill, both at $4,252. 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 Lyndeboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Lyndeboro, New Hampshire
Source: Ownwell
$132,100
$14,406,050
$28,680,000
Average Lyndeboro Assessed Value
$192,387
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 Lyndeboro, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03082 | $65,177 | $112,880 | $192,387 | $271,894 | $319,597 |
Source: Ownwell
Property Tax Bills Across Lyndeboro, New Hampshire
In Lyndeboro, 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 the town's assessor and reflects the market value of the property. Homeowners in Lyndeboro can expect to pay property taxes that vary widely depending on their property's assessed value. For instance, the 25th percentile tax bill is around $2,495, while the 75th percentile tax bill reaches approximately $6,009. The 90th percentile tax bill can be as high as $7,063, indicating a significant range in tax obligations. Factors such as property size, location, and any improvements made can influence the assessed value, thereby affecting the tax bill. Compared to the national median property tax rate of 0.99%, Lyndeboro's tax rates contribute to these varying tax bills. The highest median tax bill in the area is $4,252, found in the 03082 zip code, which also coincidentally has the lowest median tax bill at the same amount. This system ensures that property taxes are proportionate to property values, impacting homeowners' annual financial planning.
Average Lyndeboro Tax Bill
$4,252
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 Lyndeboro, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03082 | $1,441 | $2,495 | $4,252 | $6,009 | $7,063 |
Source: Ownwell