East Kingston, New Hampshire Property Taxes
The median property tax rate in East Kingston, NH is 2.28%, significantly higher than both the national median of 0.99% and New Hampshire's state median of 1.91%. With a median home value of $380,750 in East Kingston, the typical annual property tax bill comes to $8,681, far exceeding the national median of $2,690. Property taxes in East Kingston are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding East Kingston'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 East Kingston 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
East Kingston, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.28%
Estimate Property Tax Bill
$8,681
Ownwell’s East Kingston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Kingston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Kingston 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 East Kingston, New Hampshire
Property taxes in East Kingston, 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 East Kingston is 2.28%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within East Kingston set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Kingston 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 East Kingston's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the ZIP code 03827 has the highest median property tax rate of 2.28%, while the same ZIP code also has the lowest median tax rate of 2.28%. Understanding how these cities compare with East Kingston 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 East Kingston Tax Rate
2.28%
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 East Kingston, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03827 | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% |
Source: Ownwell
Property Tax Assessment Values Across East Kingston, New Hampshire
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in East Kingston, NH. 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 Rockingham 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 East Kingston, 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 East Kingston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in East Kingston is $380,750, with the 25th percentile tax bill at $7,140 and the 75th percentile at $10,284. The zip code 03827 records the highest and lowest median tax bills, both at $8,681.
Property Tax Assessment Values Across East Kingston, New Hampshire
Source: Ownwell
$275,100
$1,110,250
$1,945,400
Average East Kingston Assessed Value
$380,750
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 East Kingston, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03827 | $269,200 | $313,900 | $380,750 | $451,025 | $509,550 |
Source: Ownwell
Property Tax Bills Across East Kingston, New Hampshire
In East Kingston, 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 determine the annual property tax bill. Factors that influence the assessed value include the property's location, size, and condition. For homeowners in East Kingston, the median home price is $380,750. The property tax rate in Rockingham County is notably higher than the national median property tax rate of 0.99%. Homeowners in East Kingston can expect a tax bill ranging from $7,140 at the 25th percentile to $11,603 at the 90th percentile. The highest median tax bill in the area is $8,681, which is significantly above the national average. This high property tax burden can impact homeowners by increasing their annual housing costs, potentially affecting affordability and long-term financial planning. Understanding how these factors interplay is crucial for homeowners to manage their expenses effectively.
Average East Kingston Tax Bill
$8,681
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 East Kingston, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03827 | $6,138 | $7,140 | $8,681 | $10,284 | $11,603 |
Source: Ownwell