Raymond, New Hampshire Property Taxes
The median property tax rate in Raymond, NH is 2.07%, 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 Raymond at $287,400, the typical annual property tax bill reaches $5,957, far exceeding the national median of $2,690. Property taxes in Raymond 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 Raymond'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 Raymond 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
Raymond, 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 Raymond Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Raymond with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Raymond to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities and make informed decisions. For those interested in seeing trends on a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by Rockingham County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Raymond, New Hampshire
Property taxes in Raymond, New Hampshire, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Raymond is 2.07%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Raymond set these rates annually, and they can vary significantly across different neighborhoods. Each year, Raymond 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 Raymond's effective property tax rate to other areas in New Hampshire and the national median. For comparison, the zip code 03077, which encompasses Raymond, has the highest median property tax rate of 2.07%, while the same zip code also holds the lowest median tax rate of 2.07%. Understanding how these figures compare with Raymond 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 Raymond Tax Rate
2.07%
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 Raymond, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03077 | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% |
Source: Ownwell
Property Tax Assessment Values Across Raymond, New Hampshire
In Raymond, 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 Raymond, 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 Raymond helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Raymond both amount to $5,957, found in the 03077 zip code.
Property Tax Assessment Values Across Raymond, New Hampshire
Source: Ownwell
$275,100
$1,110,250
$1,945,400
Average Raymond Assessed Value
$287,400
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 Raymond, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03077 | $132,290 | $216,225 | $287,400 | $350,675 | $419,410 |
Source: Ownwell
Property Tax Bills Across Raymond, New Hampshire
In Raymond, Rockingham County, NH, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined by local assessors who evaluate the property based on various factors such as market conditions, property size, and improvements. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $287,400, homeowners in Raymond can expect to pay a substantial amount in property taxes. The tax bill at the 25th percentile is $4,480, while at the 75th percentile, it rises to $7,266. The 90th percentile tax bill reaches $8,688, indicating a significant range based on property values and assessments. This method ensures that property taxes are proportionate to the property's value, impacting homeowners differently depending on their property's assessed value. By understanding these factors, homeowners can better anticipate their annual tax obligations and plan their finances accordingly.
Average Raymond Tax Bill
$5,957
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 Raymond, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03077 | $2,742 | $4,480 | $5,957 | $7,266 | $8,688 |
Source: Ownwell