Kingston, New Hampshire Property Taxes
The median property tax rate in Kingston, NH is 2.27%, 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 Kingston at $288,250, the typical annual property tax bill reaches $6,550, exceeding the national median of $2,690. Property taxes in Kingston 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 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 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
Kingston, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.27%
Estimate Property Tax Bill
$6,543
Ownwell’s Kingston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kingston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in 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 Kingston, New Hampshire
Property taxes in Kingston, New Hampshire, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kingston is 2.27%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Kingston set these rates annually, and they can vary significantly across different neighborhoods. Each year, 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 Kingston's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03848 zip code has the highest median property tax rate of 2.27%, while the same 03848 zip code also has the lowest median tax rate of 2.27%. Understanding how these cities compare with 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 Kingston Tax Rate
2.27%
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 Kingston, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03848 | 2.27% | 2.27% | 2.27% | 2.27% | 2.27% |
Source: Ownwell
Property Tax Assessment Values Across Kingston, New Hampshire
In Kingston, 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 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 Kingston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Kingston are both $6,550, found in the 03848 zip code.
Property Tax Assessment Values Across Kingston, New Hampshire
Source: Ownwell
$275,100
$1,110,250
$1,945,400
Average Kingston Assessed Value
$288,250
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 Kingston, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03848 | $168,770 | $226,550 | $288,250 | $365,750 | $433,090 |
Source: Ownwell
Property Tax Bills Across Kingston, New Hampshire
In Kingston, located in Rockingham County, NH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Kingston is $288,250. To determine the tax bill, the assessed value is multiplied by the local tax rate. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. Homeowners in Kingston can expect property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $5,145, while at the 75th percentile, it rises to $8,306. The 90th percentile tax bill can reach up to $9,836. These figures indicate a range of tax burdens depending on property characteristics and assessed values. Comparatively, Kingston's property tax rates are higher than the national median property tax rate of 0.99%, reflecting the region's specific economic and infrastructural needs. This variability in tax bills can significantly impact homeowners' financial planning and long-term investment in their properties.
Average Kingston Tax Bill
$6,550
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 Kingston, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03848 | $3,833 | $5,145 | $6,550 | $8,306 | $9,836 |
Source: Ownwell