Weare, New Hampshire Property Taxes
The median property tax rate in Weare, NH is 1.74%, 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 Weare at $306,550, the typical annual property tax bill reaches $5,342, exceeding the national median of $2,690. Property taxes in Weare 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 Weare'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 Weare 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
Weare, 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 Weare Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Weare with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Weare 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 Weare, New Hampshire
Property taxes in Weare, New Hampshire, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Weare is 1.74%, significantly higher than the U.S. national median of 0.99%. Local government entities within Weare set these rates annually, and they can vary across different neighborhoods. Each year, Weare 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 Weare's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03281 zip code has the highest median property tax rate of 1.74%, while the same zip code also has the lowest median tax rate of 1.74%. Understanding how these neighborhoods compare with Weare 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 Weare Tax Rate
1.74%
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 Weare, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03281 | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Weare, New Hampshire
In Weare, 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 Weare, 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 Weare helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 03281, where the highest and lowest median tax bill is $5342.00, is a key example of how these values can impact your annual tax obligations.
Property Tax Assessment Values Across Weare, New Hampshire
Source: Ownwell
$132,100
$14,406,050
$28,680,000
Average Weare Assessed Value
$306,550
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 Weare, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03281 | $22,630 | $234,425 | $306,550 | $381,000 | $460,810 |
Source: Ownwell
Property Tax Bills Across Weare, New Hampshire
In Weare, property tax bills are calculated based on the assessed value of a home, which is determined by the Hillsborough County assessor's office. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as the property's size, location, and condition are considered during assessment. For homeowners in Weare, the tax bill can vary significantly. The 25th percentile tax bill is $4,102, while the 75th percentile reaches $6,634, and the 90th percentile goes up to $8,021. With the median home price at $306,550, these tax bills can represent a substantial annual cost. Comparatively, the median property tax rate in Weare is higher than the national median of 0.99%, making it crucial for homeowners to understand how their tax obligations are calculated. This knowledge can help them plan their finances better and potentially seek exemptions or appeals if they believe their property has been over-assessed.
Average Weare Tax Bill
$5,342
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 Weare, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03281 | $407 | $4,102 | $5,342 | $6,634 | $8,021 |
Source: Ownwell