Exeter, New Hampshire Property Taxes
The median property tax rate in Exeter, NH is 2.48%, 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 Exeter at $305,950, the typical annual property tax bill reaches $7,640, surpassing the national median of $2,690. Property taxes in Exeter are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Exeter'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 Exeter 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
Exeter, 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 Exeter Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Exeter with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Exeter to provide an estimate of 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 Exeter, New Hampshire
Property taxes in Exeter, New Hampshire, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Exeter is 2.48%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Exeter set these rates annually, and they can vary across different neighborhoods. Each year, Exeter 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. Understanding how Exeter's property tax rate compares to other areas within Rockingham County and the national median provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Exeter Tax Rate
2.48%
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 Exeter, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03833 | 2.47% | 2.47% | 2.48% | 2.48% | 2.48% |
Source: Ownwell
Property Tax Assessment Values Across Exeter, New Hampshire
In Exeter, 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 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 Exeter, 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. Exeter's median home price is $305,950, with tax bills varying significantly. The 25th percentile tax bill is $3,774, while the 75th percentile reaches $10,030. The zip code 03833 has the highest and lowest median tax bill, both at $7,640. Being aware of these valuation processes in Exeter helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Exeter, New Hampshire
Source: Ownwell
$275,100
$1,110,250
$1,945,400
Average Exeter Assessed Value
$305,950
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 Exeter, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03833 | $40,850 | $139,700 | $305,950 | $405,100 | $528,450 |
Source: Ownwell
Property Tax Bills Across Exeter, New Hampshire
In Exeter, Rockingham County, NH, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local assessor's office and reflects the market value of the home. Factors such as the property's size, location, and condition are considered in the assessment process. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $305,950 in Exeter, homeowners can expect varying tax bills. The 25th percentile tax bill is around $3,774, while the 75th percentile reaches up to $10,030, and the 90th percentile can be as high as $12,998. These figures highlight the range of property tax burdens homeowners may face. Compared to the national median property tax rate of 0.99%, Exeter's tax rates can significantly impact homeowners, making it crucial for them to understand how their property is assessed and taxed.
Average Exeter Tax Bill
$7,640
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 Exeter, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03833 | $1,196 | $3,774 | $7,640 | $10,030 | $12,998 |
Source: Ownwell