Wilton, New Hampshire Property Taxes
The median property tax rate in Wilton, NH is 2.07%, 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 Wilton, the typical annual property tax bill reaches $6,605, exceeding the national median of $2,690. Property taxes in Wilton 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 Wilton'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 Wilton 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
Wilton, 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 Wilton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wilton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wilton 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 Wilton, New Hampshire
Property taxes in Wilton, New Hampshire, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wilton is 2.07%, significantly higher than the U.S. national median of 0.99%. Local government entities within Wilton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wilton 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 Wilton's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03086 zip code has the highest median property tax rate of 2.07%, while the 03086 zip code also has the lowest median tax rate of 2.07%. Understanding how these cities compare with Wilton 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 Wilton Tax Rate
2.07%
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 Wilton, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03086 | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% |
Source: Ownwell
Property Tax Assessment Values Across Wilton, New Hampshire
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Wilton, NH. 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 Wilton, 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, which can vary significantly. For instance, the 25th percentile tax bill is $5,244, while the 75th percentile tax bill is $8,687, and the 90th percentile tax bill reaches $10,653. The highest and lowest median tax bills are both $6,605 in the 03086 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Wilton, New Hampshire
Source: Ownwell
$132,100
$14,406,050
$28,680,000
Average Wilton Assessed Value
$319,450
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 Wilton, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03086 | $196,310 | $253,825 | $319,450 | $417,775 | $515,670 |
Source: Ownwell
Property Tax Bills Across Wilton, New Hampshire
In Wilton, 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 local assessor's office and reflects the market value of the property. This assessed value is then multiplied by the town's tax rate to determine the annual property tax bill. Various factors such as property size, location, and improvements can influence the assessed value. For homeowners in Wilton, the property tax rate can significantly impact their annual expenses. The median home price in Wilton is $319,450, and homeowners can expect to pay a median tax bill of $6,605, which is considerably higher than the national median property tax rate of 0.99%. At the 25th percentile, the tax bill is around $5,244, while at the 75th percentile, it rises to approximately $8,687. For those at the 90th percentile, the tax bill can reach up to $10,653. These figures highlight how property taxes can vary widely, affecting homeowners' financial planning and overall cost of living.
Average Wilton Tax Bill
$6,605
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 Wilton, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03086 | $4,056 | $5,244 | $6,605 | $8,687 | $10,653 |
Source: Ownwell