Sandown, New Hampshire Property Taxes
The median property tax rate in Sandown, NH is 2.84%, significantly higher than both the national median of 0.99% and New Hampshire's state median of 1.91%. With the median home value in Sandown at $275,100, the typical annual property tax bill reaches $7,807, far exceeding the national median of $2,690. Property taxes in Sandown are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sandown'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 Sandown 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
Sandown, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.84%
Estimate Property Tax Bill
$7,813
Ownwell’s Sandown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sandown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sandown 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 Sandown, New Hampshire
Property taxes in Sandown, New Hampshire, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sandown is 2.84%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Sandown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sandown 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 Sandown's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the zip code 03873 has the highest median property tax rate of 2.84%, while the same zip code also has the lowest median tax rate of 2.84%. Understanding how these cities compare with Sandown 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 Sandown Tax Rate
2.84%
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 Sandown, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03873 | 2.84% | 2.84% | 2.84% | 2.84% | 2.84% |
Source: Ownwell
Property Tax Assessment Values Across Sandown, New Hampshire
In Sandown, 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 Sandown, 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 Sandown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Sandown stands at $275,100, with the median tax bill ranging significantly. The 25th percentile tax bill is $6,526, while the 75th percentile tax bill reaches $9,416. The highest median tax bill of $7,807 is found in the 03873 zip code, which also happens to have the lowest median tax bill.
Property Tax Assessment Values Across Sandown, New Hampshire
Source: Ownwell
$275,100
$1,110,250
$1,945,400
Average Sandown Assessed Value
$275,100
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 Sandown, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03873 | $174,720 | $230,100 | $275,100 | $331,800 | $388,040 |
Source: Ownwell
Property Tax Bills Across Sandown, New Hampshire
In Sandown, Rockingham County, NH, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by local assessors who evaluate the property's market value, considering factors such as location, size, and condition. Sandown's property tax rate is notably higher than the national median of 0.99%, leading to substantial tax bills for homeowners. For example, the median home price in Sandown is $275,100. Homeowners in this area can expect tax bills ranging from $6,526 at the 25th percentile to $11,008 at the 90th percentile. This significant variance highlights how different property values and specific assessments can impact the tax burden. The highest and lowest median tax bills in the area both stand at $7,807, indicating a consistent tax rate across similar properties. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly affecting the quality of life for residents.
Average Sandown Tax Bill
$7,807
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 Sandown, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03873 | $4,959 | $6,526 | $7,807 | $9,416 | $11,008 |
Source: Ownwell