Lyndeborough, New Hampshire Property Taxes
The median property tax rate in Lyndeborough, NH is 2.21%, significantly higher than both the national median of 0.99% and the New Hampshire state median of 1.91%. With the median home value in Lyndeborough at $273,600, the typical annual property tax bill climbs to $6,047, far exceeding the national median of $2,690. Property taxes in Lyndeborough are calculated based on the assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Lyndeborough's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Lyndeborough or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lyndeborough, 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 Lyndeborough Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lyndeborough with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lyndeborough to provide an estimate of your property tax bill. This invaluable tool offers a clear understanding of potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is the value assigned by Hillsborough County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Lyndeborough, New Hampshire
Property taxes in Lyndeborough, New Hampshire, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Lyndeborough 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 Lyndeborough set these rates annually, and they can vary across different neighborhoods. Each year, Lyndeborough 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 Lyndeborough's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03082 zip code has the highest median property tax rate of 2.21%, while the same zip code also has the lowest median tax rate of 2.21%. Understanding how these cities compare with Lyndeborough 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 Lyndeborough 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 Lyndeborough, 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 Lyndeborough, New Hampshire
In Lyndeborough, 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 Lyndeborough, 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 Lyndeborough helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $6047, found in zip code 03082.
Property Tax Assessment Values Across Lyndeborough, New Hampshire
Source: Ownwell
$132,100
$14,406,050
$28,680,000
Average Lyndeborough Assessed Value
$273,600
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 Lyndeborough, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03082 | $165,020 | $213,300 | $273,600 | $347,900 | $455,173 |
Source: Ownwell
Property Tax Bills Across Lyndeborough, New Hampshire
In Lyndeborough, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local assessor's office and reflects the market value of the home. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. Several factors influence the assessed value, including the property's size, location, and condition. Homeowners in Lyndeborough experience a range of tax bills, with the 25th percentile at $4,714 and the 75th percentile at $7,689. The 90th percentile tax bill can reach up to $10,059. These property taxes fund essential local services such as schools, public safety, and infrastructure maintenance. Compared to the national median property tax rate of 0.99%, Lyndeborough's effective tax rate can be considered relatively high, impacting homeowners by contributing to the overall cost of owning a home in this New Hampshire community.
Average Lyndeborough Tax Bill
$6,047
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 Lyndeborough, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03082 | $3,647 | $4,714 | $6,047 | $7,689 | $10,059 |
Source: Ownwell