Loudon, New Hampshire Property Taxes
The median property tax rate in Loudon, NH is 1.86%, 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 Loudon at $284,000, the typical annual property tax bill reaches $5,277, significantly exceeding the national median of $2,690. Property taxes in Loudon 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 Loudon'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 Loudon 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
Loudon, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.86%
Estimate Property Tax Bill
$5,282
Ownwell’s Loudon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Loudon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Loudon 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 Loudon, New Hampshire
Property taxes in Loudon, New Hampshire, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Loudon is 1.86%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Loudon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Loudon 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 Loudon's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03307 zip code has the highest median property tax rate of 1.86%, while the same zip code also has the lowest median tax rate of 1.86%. Understanding how these cities compare with Loudon 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 Loudon Tax Rate
1.86%
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 Loudon, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03307 | 1.85% | 1.85% | 1.86% | 1.86% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Loudon, New Hampshire
In Loudon, 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 Loudon, 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 instance, the median home price in Loudon is $284,000. The 25th percentile tax bill is $4,072, while the 75th percentile tax bill is $6,509. The highest and lowest median tax bills are both $5,277, found in the 03307 zip code. 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 Loudon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Loudon Assessed Value
$284,000
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 Loudon, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03307 | $85,540 | $219,400 | $284,000 | $350,700 | $427,120 |
Source: Ownwell
Property Tax Bills Across Loudon, New Hampshire
In Loudon, Merrimack County, NH, property tax bills are determined by the assessed value of a home multiplied by the local tax rate. Factors such as the property's market value, location, and any applicable exemptions play a crucial role in this calculation. For instance, with a median home price of $284,000, homeowners can expect to pay a significant amount in property taxes. The tax bill for the 25th percentile is approximately $4,072, while those in the 75th percentile face bills around $6,509. At the 90th percentile, tax bills can reach up to $7,980. These figures are considerably higher than the national median property tax rate of 0.99%, reflecting the local tax environment. Homeowners in Loudon should be prepared for these costs, as they significantly impact the overall affordability of owning property in the area. Understanding these factors can help residents better plan their finances and seek potential exemptions or appeals to manage their tax burdens.
Average Loudon Tax Bill
$5,277
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 Loudon, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03307 | $1,587 | $4,072 | $5,277 | $6,509 | $7,980 |
Source: Ownwell