Nottingham, New Hampshire Property Taxes
The median property tax rate in Nottingham, NH is 1.91%, 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 Nottingham, the typical annual property tax bill reaches $6,624, exceeding the national median of $2,690. Property taxes in Nottingham 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 Nottingham'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 Nottingham 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
Nottingham, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.91%
Estimate Property Tax Bill
$6,620
Ownwell’s Nottingham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nottingham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nottingham 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 Nottingham, New Hampshire
Property taxes in Nottingham, 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 Nottingham is 1.91%, significantly higher than both the New Hampshire state median of 2.09% and the U.S. national median of 0.99%. Local government entities within Nottingham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nottingham 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 Nottingham's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03290 zip code has the highest median property tax rate of 1.91%, while the same zip code also has the lowest median tax rate of 1.91%. Understanding how these cities compare with Nottingham 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 Nottingham Tax Rate
1.91%
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 Nottingham, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03290 | 1.91% | 1.91% | 1.91% | 1.91% | 1.91% |
Source: Ownwell
Property Tax Assessment Values Across Nottingham, New Hampshire
In Nottingham, 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 Nottingham, 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. Nottingham's median home price is $346,600, with tax bills ranging from $5,603 at the 25th percentile to $9,347 at the 90th percentile. The zip code 03290 has the highest and lowest median tax bill at $6,624. 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 Nottingham, New Hampshire
Source: Ownwell
$275,100
$1,110,250
$1,945,400
Average Nottingham Assessed Value
$346,600
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 Nottingham, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03290 | $244,500 | $293,164 | $346,600 | $407,400 | $489,080 |
Source: Ownwell
Property Tax Bills Across Nottingham, New Hampshire
In Nottingham, Rockingham County, NH, property tax bills are calculated based on the assessed value of a home and the local property tax rate. The median home price in Nottingham is $346,600, and the property tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in this area can expect a wide range of tax bills, with the 25th percentile at $5,603 and the 75th percentile reaching $7,786. At the 90th percentile, tax bills can soar to $9,347. Factors influencing these amounts include the property's assessed value, local tax rates, and any applicable exemptions or deductions. The highest and lowest median tax bills in the region are both $6,624, found in the zip code 03290. Compared to the national median property tax rate of 0.99%, Nottingham's tax rates can significantly impact homeowners, making it crucial for them to understand how their tax bills are calculated and what factors may influence the final amount.
Average Nottingham Tax Bill
$6,624
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 Nottingham, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03290 | $4,678 | $5,603 | $6,624 | $7,786 | $9,347 |
Source: Ownwell