Boscawen, New Hampshire Property Taxes
The median property tax rate in Boscawen, NH is 3.10%, 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 Boscawen at $202,942, the typical annual property tax bill reaches $6,273, far exceeding the national median of $2,690. Property taxes in Boscawen are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Boscawen'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 Boscawen 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
Boscawen, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.1%
Estimate Property Tax Bill
$6,291
Ownwell’s Boscawen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Boscawen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Boscawen 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 Boscawen, New Hampshire
Property taxes in Boscawen, New Hampshire, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Boscawen is 3.10%, significantly higher than the U.S. national median of 0.99%. Local government entities within Boscawen set these rates annually, and they can vary across different neighborhoods. Each year, Boscawen 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 Boscawen's effective property tax rate to other areas in Merrimack County and the national median. For comparison, the zip code 03303 has the highest median property tax rate of 3.10%, while the same zip code also represents the lowest median tax rate of 3.10%. Understanding how these figures compare with Boscawen provides valuable insights into the varying tax landscape across Merrimack County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Boscawen Tax Rate
3.10%
Average Merrimack County Tax Rate
2.44%
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boscawen, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03303 | 3.10% | 3.10% | 3.10% | 3.10% | 3.10% |
Source: Ownwell
Property Tax Assessment Values Across Boscawen, New Hampshire
In Boscawen, 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 Merrimack 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 Boscawen, 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. For example, the median home price in Boscawen is $202,942, with tax bills ranging from $4,906 at the 25th percentile to $9,308 at the 90th percentile. 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 Boscawen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Boscawen Assessed Value
$202,942
Average Merrimack County Assessed Value
$264,400
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Boscawen, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03303 | $33,010 | $158,400 | $202,942 | $251,700 | $300,540 |
Source: Ownwell
Property Tax Bills Across Boscawen, New Hampshire
In Boscawen, located in Merrimack County, NH, property tax bills are calculated based on the assessed value of the property and the local tax rate. Homeowners receive a tax bill by multiplying their property's assessed value by the local tax rate. The median home price in Boscawen is $202,942, and the property tax rate in Merrimack County significantly impacts the final tax bill. Several factors influence the assessed value, such as the property's location, size, and condition. The tax bill can vary widely, with the 25th percentile at $4,906 and the 75th percentile reaching $7,788. For those in the 90th percentile, the bill can be as high as $9,308. The highest and lowest median tax bills in the area both stand at $6,273, linked to the zip code 03303. Compared to the national median property tax rate of 0.99%, homeowners in Boscawen may find their tax bills substantially higher, impacting their overall housing costs and financial planning.
Average Boscawen Tax Bill
$6,273
Average Merrimack County Tax Bill
$6,194
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across Boscawen, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03303 | $1,022 | $4,906 | $6,273 | $7,788 | $9,308 |
Source: Ownwell