West Peterborough, New Hampshire Property Taxes
The median property tax rate in West Peterborough, NH is 2.59%, 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 West Peterborough at $269,600, the typical annual property tax bill reaches $6,972, far exceeding the national median of $2,690. Property taxes in West Peterborough are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding West Peterborough'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 West Peterborough or another part of Hillsborough County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
West Peterborough, 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 WEST PETERBOROUGH Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WEST PETERBOROUGH with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WEST PETERBOROUGH 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 West Peterborough, New Hampshire
Property taxes in West Peterborough, 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 West Peterborough is 2.59%, significantly higher than the U.S. national median of 0.99%. Local government entities within West Peterborough set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Peterborough 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 West Peterborough's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03468 zip code has the highest median property tax rate of 2.59%, while the same 03468 zip code also has the lowest median tax rate of 2.59%. Understanding how these cities compare with West Peterborough 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 West Peterborough Tax Rate
2.59%
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 West Peterborough, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03468 | 2.59% | 2.59% | 2.59% | 2.59% | 2.59% |
Source: Ownwell
Property Tax Assessment Values Across West Peterborough, New Hampshire
In West Peterborough, 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 West Peterborough, 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 West Peterborough helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 03468 has the highest and lowest median tax bill, both at $6972, which is significantly higher than the national median property tax rate of 0.99%.
Property Tax Assessment Values Across West Peterborough, New Hampshire
Source: Ownwell
$132,100
$14,406,050
$28,680,000
Average West Peterborough Assessed Value
$269,600
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 West Peterborough, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03468 | $269,600 | $269,600 | $269,600 | $269,600 | $269,600 |
Source: Ownwell
Property Tax Bills Across West Peterborough, New Hampshire
In West Peterborough, NH, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The median home price in the city is $269,600. Hillsborough County, where West Peterborough is located, has a median property tax bill of $6,972, significantly higher than the national median property tax rate of 0.99%. This tax rate considers various factors, including the property's market value, its location, and any applicable exemptions or deductions. Homeowners in West Peterborough face higher tax bills compared to many other regions, impacting their overall housing costs. For instance, the 25th, 75th, and 90th percentiles all show a consistent tax bill of $6,972, indicating a uniform tax rate across different property values. The high property tax rate can influence homeowners' decisions, potentially affecting their long-term financial planning and property investments. Understanding these factors is crucial for homeowners to manage their expenses effectively.
Average West Peterborough Tax Bill
$6,972
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 West Peterborough, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03468 | $6,972 | $6,972 | $6,972 | $6,972 | $6,972 |
Source: Ownwell