Chichester, New Hampshire Property Taxes
The median property tax rate in Chichester, NH is 2.44%, 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 Chichester at $259,527, the typical annual property tax bill reaches $6,329, exceeding the national median of $2,690. Property taxes in Chichester 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 Chichester'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 Chichester 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
Chichester, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.44%
Estimate Property Tax Bill
$6,332
Ownwell’s Chichester Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Chichester with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chichester to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed insights, scroll down to explore localized trends within the neighborhood. Your property’s assessed value is determined by Merrimack County for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Chichester, New Hampshire
Property taxes in Chichester, New Hampshire, play a critical role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chichester is 2.44%, significantly higher than the U.S. national median of 0.99%. Local government entities within Chichester set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chichester 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 Chichester's effective property tax rate to other areas in Merrimack County and the national median. For comparison, the zip code 03258 has the highest median property tax rate of 2.44%, while the same zip code also has the lowest median tax rate of 2.44%. Understanding how these areas compare with Chichester 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 Chichester Tax Rate
2.44%
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 Chichester, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03258 | 2.44% | 2.44% | 2.44% | 2.44% | 2.44% |
Source: Ownwell
Property Tax Assessment Values Across Chichester, New Hampshire
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Chichester, New Hampshire. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as 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 Chichester, 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 Chichester helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Chichester is $6,329 in the 03258 zip code, while the lowest median tax bill is also $6,329 in the same zip code.
Property Tax Assessment Values Across Chichester, New Hampshire
Source: Ownwell
$10,000
$280,850
$551,700
Average Chichester Assessed Value
$259,527
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 Chichester, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03258 | $30,800 | $206,000 | $259,527 | $316,600 | $377,440 |
Source: Ownwell
Property Tax Bills Across Chichester, New Hampshire
In Chichester, New Hampshire, 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 tax assessor and reflects the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the home's size, age, location, and condition. Homeowners in Chichester can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $5,022, while the 75th percentile tax bill can reach up to $7,720, and the 90th percentile tax bill goes as high as $9,186. These property tax bills can significantly impact homeowners, affecting their overall housing costs and financial planning. Compared to the national median property tax rate of 0.99%, Chichester's property taxes reflect the local government's funding needs and the community's economic conditions.
Average Chichester Tax Bill
$6,329
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 Chichester, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03258 | $771 | $5,022 | $6,329 | $7,720 | $9,186 |
Source: Ownwell