Danbury, New Hampshire Property Taxes
The median property tax rate in Danbury, NH, is 1.75%, which is 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 Danbury at $201,650, the typical annual property tax bill reaches $3,558, significantly exceeding the national median of $2,690. Property taxes in Danbury are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Danbury'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 Danbury or another part of Merrimack County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Danbury, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.75%
Estimate Property Tax Bill
$3,529
Ownwell’s Danbury Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Danbury with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Danbury 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 Danbury, New Hampshire
Property taxes in Danbury, NH, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Danbury is 1.75%, significantly higher than the U.S. national median of 0.99%. Local government entities within Danbury set these rates annually, and they can vary significantly across different neighborhoods. Each year, Danbury 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 Danbury's effective property tax rate to other areas in Merrimack County and the national median. For comparison, the zip code 03230 has the highest median property tax rate of 1.75%, while the lowest median tax rate is also 1.75% in the same zip code. Understanding how these areas compare with Danbury 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 Danbury Tax Rate
1.75%
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 Danbury, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03230 | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Danbury, New Hampshire
In Danbury, 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 Danbury, 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 Danbury helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both found in the 03230 zip code, amounting to $3,558.
Average Danbury Assessed Value
$201,650
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 Danbury, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03230 | $97,295 | $147,900 | $201,650 | $263,670 | $337,557 |
Source: Ownwell
Property Tax Bills Across Danbury, New Hampshire
In Danbury, Merrimack County, 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 city’s assessor, who evaluates the property’s market value. This assessed value is then multiplied by the local tax rate to determine the tax bill. For example, with a median home price of $201,650, the property tax bill can vary significantly. Homeowners in the 25th percentile pay around $2,588, while those in the 75th percentile face bills of approximately $4,643. At the 90th percentile, tax bills can reach up to $5,907. These property taxes fund essential public services such as schools, infrastructure, and emergency services. The tax burden can impact homeowners' financial planning and the overall affordability of living in Danbury. In comparison to the national median property tax rate of 0.99%, homeowners in Danbury may experience varying degrees of financial pressure based on their property's assessed value and the corresponding tax rate.
Average Danbury Tax Bill
$3,558
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 Danbury, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03230 | $1,703 | $2,588 | $3,558 | $4,643 | $5,907 |
Source: Ownwell