Kensington, New Hampshire Property Taxes
The median property tax rate in Kensington, NH is 1.99%, 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 Kensington at $409,000, the typical annual property tax bill reaches $8,128, far exceeding the national median of $2,690. Property taxes in Kensington 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 Kensington'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 Kensington 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
Kensington, 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 Kensington Property Tax Bill Calculator is a valuable resource for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kensington using just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Kensington to provide an estimated property tax bill. This tool offers clear insights into potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes and includes any applicable exemptions.
Property Tax Rates Across Kensington, New Hampshire
Property taxes in Kensington, New Hampshire, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kensington is 1.99%, significantly higher than the U.S. national median of 0.99%. Local government entities within Kensington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kensington 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 Kensington's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03833 zip code has both the highest and lowest median property tax rate of 1.99%. Understanding how these cities compare with Kensington 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 Kensington Tax Rate
1.99%
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 Kensington, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03833 | 1.99% | 1.99% | 1.99% | 1.99% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Kensington, New Hampshire
In Kensington, 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 Kensington, 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 Kensington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $8,128, found in the 03833 zip code.
Property Tax Assessment Values Across Kensington, New Hampshire
Source: Ownwell
$275,100
$1,110,250
$1,945,400
Average Kensington Assessed Value
$409,000
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 Kensington, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03833 | $295,040 | $341,350 | $409,000 | $526,831 | $650,370 |
Source: Ownwell
Property Tax Bills Across Kensington, New Hampshire
In Kensington, Rockingham County, NH, 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 tax bill. Factors such as location, property size, and home features can influence the assessed value. For instance, the median home price in Kensington is $409,000, which plays a significant role in tax calculations. Homeowners in Kensington experience varying tax bills depending on their property's assessed value. For example, the tax bill at the 25th percentile is $6,786, while at the 75th percentile, it rises to $10,466. At the 90th percentile, homeowners could see a tax bill as high as $12,916. These figures highlight the substantial impact property taxes can have on household finances. Compared to the national median property tax rate of 0.99%, Kensington's property tax rates result in higher tax bills, reflecting the region's property values and tax policies.
Average Kensington Tax Bill
$8,128
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 Kensington, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03833 | $5,860 | $6,786 | $8,128 | $10,466 | $12,916 |
Source: Ownwell