Epping, New Hampshire Property Taxes
The median property tax rate in Epping, NH is 2.25%, 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 Epping, the typical annual property tax bill reaches $6,307, exceeding the national median of $2,690. Property taxes in Epping 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 Epping'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 Epping 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
Epping, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.25%
Estimate Property Tax Bill
$6,320
Ownwell’s Epping Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Epping. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Epping to give you an accurate estimate of your property tax bill. This feature helps you understand your potential tax liabilities and plan accordingly. For those interested in more detailed insights, including neighborhood-level trends, additional localized information is available. Your property’s assessed value, determined by the county, is crucial for property tax calculations and includes any applicable exemptions, ensuring you get a precise estimate.
Property Tax Rates Across Epping, New Hampshire
Property taxes in Epping, 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 Epping is 2.25%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Epping set these rates annually, and they can vary significantly across different neighborhoods. Each year, Epping 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 Epping's effective property tax rate to other areas in Rockingham County and the national median. For comparison, the zip code 03042 has the highest median property tax rate of 2.25%, while the same zip code also has the lowest median tax rate of 2.25%. Understanding how these areas compare with Epping 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 Epping Tax Rate
2.25%
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 Epping, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03042 | 2.25% | 2.25% | 2.25% | 2.25% | 2.25% |
Source: Ownwell
Property Tax Assessment Values Across Epping, New Hampshire
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Epping, New Hampshire. 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 Epping, 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. Epping has a median home price of $280,900, with tax bills ranging significantly. The 25th percentile tax bill is $4,775, while the 75th percentile reaches $7,958, and the 90th percentile goes up to $9,612. The highest and lowest median tax bills are both $6,307 in the 03042 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Epping, New Hampshire
Source: Ownwell
$275,100
$1,110,250
$1,945,400
Average Epping Assessed Value
$280,900
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 Epping, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03042 | $104,300 | $212,650 | $280,900 | $353,850 | $427,400 |
Source: Ownwell
Property Tax Bills Across Epping, New Hampshire
In Epping, Rockingham County, NH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor, who evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $280,900, homeowners can expect their property tax bills to vary significantly. Several factors influence the assessed value, including the property's size, location, and condition. Additionally, any improvements or renovations can impact the assessed value, leading to higher property taxes. In Epping, property tax bills range widely, with the 25th percentile at $4,775 and the 75th percentile at $7,958. The 90th percentile sees tax bills as high as $9,612. These property taxes can significantly impact homeowners' budgets, making it crucial for them to understand how their tax bills are determined and to explore potential exemptions or appeals if they believe their assessment is incorrect.
Average Epping Tax Bill
$6,307
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 Epping, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03042 | $2,371 | $4,775 | $6,307 | $7,958 | $9,612 |
Source: Ownwell