Manchester, New Hampshire Property Taxes
The median property tax rate in Manchester, NH is 1.89%, which is significantly higher than both the national median of 0.99% and the New Hampshire state median of 1.91%. With a median home value of $304,600 in Manchester, the typical annual property tax bill reaches $5,745, far exceeding the national median of $2,690. Property taxes in Manchester 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 Manchester'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 Manchester 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
Manchester, 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 Manchester Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Manchester with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Manchester 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 Manchester, New Hampshire
Property taxes in Manchester, New Hampshire, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Manchester is 1.89%, significantly higher than the U.S. national median of 0.99%. Local government entities within Manchester set these rates annually, and they can vary across different neighborhoods. Each year, Manchester 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. For comparison, the 03101 zip code has the highest median property tax rate of 1.89%, while the 03104 zip code has the lowest median tax rate of 1.89%. Understanding how these areas compare with Manchester 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 Manchester Tax Rate
1.89%
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 Manchester, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03101 | 1.89% | 1.89% | 1.89% | 1.89% | 1.89% |
| 03102 | 1.89% | 1.89% | 1.89% | 1.89% | 1.89% |
| 03103 | 1.89% | 1.89% | 1.89% | 1.89% | 1.89% |
| 03104 | 1.89% | 1.89% | 1.89% | 1.89% | 1.89% |
| 03106 | 1.89% | 1.89% | 1.89% | 1.89% | 1.89% |
| 03109 | 1.89% | 1.89% | 1.89% | 1.89% | 1.89% |
Source: Ownwell
Property Tax Assessment Values Across Manchester, New Hampshire
In Manchester, 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 Manchester, 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. For instance, the highest median tax bill is $540,905 in zip code 03106, while the lowest median tax bill is $5,409 in zip code 03103. Being aware of these valuation processes in Manchester helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Manchester, New Hampshire
Source: Ownwell
$132,100
$14,406,050
$28,680,000
Average Manchester Assessed Value
$304,600
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 Manchester, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03101 | $170,540 | $202,600 | $316,900 | $348,850 | $401,700 |
| 03102 | $152,980 | $251,350 | $299,700 | $353,600 | $414,200 |
| 03103 | $200,200 | $252,100 | $286,800 | $331,200 | $375,300 |
| 03104 | $204,600 | $275,800 | $331,950 | $391,600 | $465,720 |
| 03106 | $28,680,000 | $28,680,000 | $28,680,000 | $28,680,000 | $28,680,000 |
| 03109 | $127,600 | $252,100 | $305,300 | $361,300 | $423,940 |
Source: Ownwell
Property Tax Bills Across Manchester, New Hampshire
In Manchester, 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 city's assessors, who evaluate the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, homeowners in Manchester typically see tax bills ranging from $4,830 at the 25th percentile to $7,942 at the 90th percentile. Several factors influence the assessed value, including the property's size, location, and condition. The median home price in Manchester is $304,600, which serves as a benchmark for many assessments. Homeowners in the 03106 zip code face the highest median tax bills, reaching up to $540,905, while those in the 03103 zip code encounter the lowest, around $5,409. These property taxes fund essential local services such as schools, public safety, and infrastructure. Understanding how these factors interplay helps homeowners anticipate their annual tax obligations and budget accordingly.
Average Manchester Tax Bill
$5,745
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 Manchester, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03101 | $3,217 | $3,821 | $5,977 | $6,579 | $7,576 |
| 03102 | $2,885 | $4,740 | $5,652 | $6,669 | $7,812 |
| 03103 | $3,776 | $4,755 | $5,409 | $6,246 | $7,078 |
| 03104 | $3,861 | $5,202 | $6,262 | $7,386 | $8,784 |
| 03106 | $540,905 | $540,905 | $540,905 | $540,905 | $540,905 |
| 03109 | $2,407 | $4,755 | $5,758 | $6,814 | $7,995 |
Source: Ownwell