Dunbarton, Merrimack County, New Hampshire Property Taxes
The median property tax rate in Dunbarton, NH is 2.30%, significantly higher than both the national median of 0.99% and the New Hampshire state median of 1.91%. With a median home value of $308,400 in Dunbarton, the typical annual property tax bill reaches $7,087, far exceeding the national median of $2,690. Property taxes in Dunbarton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Dunbarton'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 Dunbarton 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
Dunbarton, Merrimack County, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.3%
Estimate Property Tax Bill
$7,093
$6,582
Ownwell’s Dunbarton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dunbarton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dunbarton 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 Merrimack County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Dunbarton, Merrimack County, New Hampshire
Property taxes in Dunbarton, New Hampshire, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dunbarton is 2.30%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Dunbarton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dunbarton 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 Dunbarton's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03046 zip code has the highest median property tax rate of 2.30%, while the same zip code also has the lowest median tax rate of 2.30%. Understanding how these areas compare with Dunbarton 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 Dunbarton Tax Rate
2.30%
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 Dunbarton, Merrimack County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03046 | 2.30% | 2.30% | 2.30% | 2.30% | 2.30% |
Source: Ownwell
Property Tax Assessment Values Across Dunbarton, Merrimack County, New Hampshire
In Dunbarton, 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 local 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 Dunbarton, 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 Dunbarton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median property tax bill in Dunbarton is $7,087, with both the highest and lowest median tax bills found in zip code 03046.
Property Tax Assessment Values Across Dunbarton, Merrimack County, New Hampshire
Source: Ownwell
$166,400
$284,850
$403,300
Average Dunbarton Assessed Value
$308,400
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 Dunbarton, Merrimack County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03046 | $199,960 | $250,650 | $308,400 | $385,929 | $463,660 |
Source: Ownwell
Property Tax Bills Across Dunbarton, Merrimack County, New Hampshire
In Dunbarton, located in Merrimack County, NH, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to arrive at the annual property tax bill. Factors influencing the assessed value include the property's market value, location, size, and any improvements made to the property. For instance, the median home price in Dunbarton is $308,400. Homeowners here can expect significant variations in their tax bills. The 25th percentile tax bill is approximately $5,768, while the 75th percentile tax bill is around $8,871. For those at the higher end, the 90th percentile tax bill reaches up to $10,655. The highest and lowest median tax bills in the area both stand at $7,087, indicating a relatively stable tax environment within the same zip code of 03046. Compared to the national median property tax rate of 0.99%, homeowners in Dunbarton may find their tax obligations higher, impacting their overall cost of homeownership.
Property Tax Bills Across Dunbarton, Merrimack County, New Hampshire
Source: Ownwell
$3,558
$6,561
$9,564
Average Dunbarton Tax Bill
$7,087
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 Dunbarton, Merrimack County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03046 | $4,596 | $5,768 | $7,087 | $8,871 | $10,655 |
Source: Ownwell