Barrington, New Hampshire Property Taxes
The median property tax rate in Barrington, NH is 1.91%, considerably higher than both the national median of 0.99% and the NH state median of 1.91%. With the median home value in Barrington at $301,100, the typical annual property tax bill reaches $5,731, exceeding the national median of $2,690. Property taxes in Barrington 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 Barrington'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 Barrington or another part of Rockingham County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Barrington, New Hampshire Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.91%
Estimate Property Tax Bill
$3,820
Ownwell’s Barrington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Barrington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barrington 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 Barrington, New Hampshire
Property taxes in Barrington, New Hampshire, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Barrington is 1.91%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Barrington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barrington 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 Barrington's effective property tax rate to other areas in Rockingham County and the national median. For comparison, the ZIP code 03825 has the highest median property tax rate of 1.91%, while the lowest median tax rate in the same ZIP code is also 1.91%. Understanding how these figures compare with Barrington provides valuable insights into the varying tax landscape across Rockingham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Barrington Tax Rate
1.91%
Average Rockingham County Tax Rate
1.90%
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barrington, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03825 | 1.78% | 1.91% | 1.91% | 1.91% | 1.91% |
Source: Ownwell
Property Tax Assessment Values Across Barrington, New Hampshire
In Barrington, 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 local authorities 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 Barrington, 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 Barrington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 03825, with a median tax bill of $5731.
Property Tax Assessment Values Across Barrington, New Hampshire
Source: Ownwell
$275,100
$1,110,250
$1,945,400
Average Barrington Assessed Value
$301,100
Average Rockingham County Assessed Value
$373,900
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Barrington, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03825 | $251,040 | $288,000 | $301,100 | $343,900 | $377,180 |
Source: Ownwell
Property Tax Bills Across Barrington, New Hampshire
In Barrington, Rockingham County, NH, property tax bills are calculated by multiplying the assessed value of a property by the local tax rate. The assessed value is determined by the local assessor's office, which evaluates the property's market value based on factors such as location, size, and condition. This assessed value is then adjusted to reflect a percentage of the market value, ensuring uniformity across all properties. Homeowners in Barrington experience property tax bills that vary significantly. For instance, the 25th percentile tax bill is $5,146, reflecting more modestly valued properties, while the 75th percentile tax bill reaches $6,488, indicating higher-valued homes. The 90th percentile tax bill is $6,684, showcasing the upper range of property values in the area. The median home price in Barrington is $301,100, which influences these tax bills. Comparatively, Barrington's property tax rates are higher than the national median property tax rate of 0.99%. This impacts homeowners by contributing to a higher annual expense, which needs to be factored into their overall cost of living.
Average Barrington Tax Bill
$5,731
Average Rockingham County Tax Bill
$6,989
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across Barrington, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03825 | $4,636 | $5,146 | $5,731 | $6,488 | $6,684 |
Source: Ownwell