North Sutton, Merrimack County, New Hampshire Property Taxes
The median property tax rate in North Sutton, NH is 2.42%, 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 North Sutton at $282,015, the typical annual property tax bill reaches $6,814, far exceeding the national median of $2,690. Property taxes in North Sutton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding North Sutton'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 North Sutton or another part of Merrimack County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
North Sutton, Merrimack County, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.42%
Estimate Property Tax Bill
$6,825
$6,333
Ownwell’s North Sutton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Sutton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Sutton 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 North Sutton, Merrimack County, New Hampshire
Property taxes in North Sutton, New Hampshire, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Sutton is 2.42%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within North Sutton set these rates annually, and they can vary across different neighborhoods. Each year, North Sutton 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 North Sutton's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03260 zip code has the highest median property tax rate of 2.42%, while the same zip code also has the lowest median tax rate of 2.42%. Understanding how these cities compare with North Sutton 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.
Property Tax Rates Across North Sutton, Merrimack County, New Hampshire
Source: Ownwell
1.14%
2.18%
3.23%
Average North Sutton Tax Rate
2.42%
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 North Sutton, Merrimack County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03260 | 2.42% | 2.42% | 2.42% | 2.42% | 2.42% |
Source: Ownwell
Property Tax Assessment Values Across North Sutton, Merrimack County, New Hampshire
In North Sutton, 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 North Sutton, 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 North Sutton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 03260 has both the highest and lowest median tax bill of $6,814, reflecting the uniformity in assessed property values within the area.
Property Tax Assessment Values Across North Sutton, Merrimack County, New Hampshire
Source: Ownwell
$166,400
$284,850
$403,300
Average North Sutton Assessed Value
$282,015
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 North Sutton, Merrimack County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03260 | $154,102 | $202,370 | $282,015 | $322,108 | $338,146 |
Source: Ownwell
Property Tax Bills Across North Sutton, Merrimack County, New Hampshire
In North Sutton, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Merrimack County. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners can expect their tax bills to be influenced by various factors, including property size, location, and any improvements made to the home. For instance, the median home price in North Sutton is $282,015. Tax bills in this area can vary significantly, with the 25th percentile tax bill at $4,889 and the 75th percentile tax bill reaching up to $7,782. The 90th percentile tax bill is even higher at $8,170. These figures highlight the range of property tax obligations homeowners might face. Compared to the national median property tax rate of 0.99%, North Sutton's property taxes are considerably higher, which can impact homeowners' budgets and influence their decisions on buying or selling property in the area.
Property Tax Bills Across North Sutton, Merrimack County, New Hampshire
Source: Ownwell
$3,558
$6,561
$9,564
Average North Sutton Tax Bill
$6,814
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 North Sutton, Merrimack County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03260 | $3,723 | $4,889 | $6,814 | $7,782 | $8,170 |
Source: Ownwell