Greenland, New Hampshire Property Taxes
The median property tax rate in Greenland, NH is 1.81%, 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 Greenland at $423,500, the typical annual property tax bill reaches $7,654, exceeding the national median of $2,690. Property taxes in Greenland 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 Greenland'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 Greenland 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
Greenland, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.81%
Estimate Property Tax Bill
$7,665
Ownwell’s Greenland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greenland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greenland 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 Greenland, New Hampshire
Property taxes in Greenland, New Hampshire, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greenland is 1.81%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Greenland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greenland 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 Greenland's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the highest and lowest median property tax rates in Rockingham County are both 1.81%, found in the zip code 03840. Understanding how these cities compare with Greenland 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 Greenland Tax Rate
1.81%
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 Greenland, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03840 | 1.81% | 1.81% | 1.81% | 1.81% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Greenland, New Hampshire
In Greenland, 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 Greenland, 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 Greenland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 03840 has both the highest and lowest median tax bill, valued at $7,654.
Property Tax Assessment Values Across Greenland, New Hampshire
Source: Ownwell
$275,100
$1,110,250
$1,945,400
Average Greenland Assessed Value
$423,500
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 Greenland, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03840 | $274,840 | $326,050 | $423,500 | $562,450 | $687,900 |
Source: Ownwell
Property Tax Bills Across Greenland, New Hampshire
In Greenland, NH, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the town's assessor and reflects the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value. For example, the median home price in Greenland is $423,500. The property tax rate in Rockingham County is higher than the national median of 0.99%, leading to significant tax bills for homeowners. In Greenland, the 25th percentile tax bill is $5,894, while the 75th percentile tax bill reaches $10,152. For those in the 90th percentile, the tax bill can be as high as $12,444. This substantial range highlights how property taxes can significantly impact household budgets, making it essential for homeowners to understand their assessed values and tax rates.
Average Greenland Tax Bill
$7,654
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 Greenland, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03840 | $4,971 | $5,894 | $7,654 | $10,152 | $12,444 |
Source: Ownwell