Seabrook, New Hampshire Property Taxes
The median property tax rate in Seabrook, NH is 1.33%, 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 Seabrook at $371,450, the typical annual property tax bill reaches $4,922, exceeding the national median of $2,690. Property taxes in Seabrook are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Seabrook'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 Seabrook or another part of Rockingham County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Seabrook, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$4,940
Ownwell’s Seabrook Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Seabrook with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Seabrook 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 Seabrook, New Hampshire
Property taxes in Seabrook, New Hampshire, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Seabrook is 1.33%, significantly higher than the U.S. national median of 0.99%. Local government entities within Seabrook set these rates annually, and they can vary significantly across different neighborhoods. Each year, Seabrook 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 Seabrook's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the 03874 zip code has the highest median property tax rate of 1.33%, while the same 03874 zip code also has the lowest median tax rate of 1.33%. Understanding how these cities compare with Seabrook 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 Seabrook Tax Rate
1.33%
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 Seabrook, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03874 | 1.32% | 1.32% | 1.33% | 1.33% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Seabrook, New Hampshire
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Seabrook, NH. 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. Assessment notices in Seabrook 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 Seabrook helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Seabrook, the median home price is $371,450, with the 25th percentile tax bill at $2,679 and the 75th percentile tax bill at $7,055. The highest and lowest median tax bills are both $4,922, found in the zip code 03874.
Property Tax Assessment Values Across Seabrook, New Hampshire
Source: Ownwell
$275,100
$1,110,250
$1,945,400
Average Seabrook Assessed Value
$371,450
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 Seabrook, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03874 | $89,690 | $202,200 | $371,450 | $532,000 | $859,330 |
Source: Ownwell
Property Tax Bills Across Seabrook, New Hampshire
Property tax bills in Seabrook, NH, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the town's assessor, who evaluates the property's market value. This assessed value is then multiplied by the tax rate set by the local government to determine the annual property tax bill. In Rockingham County, where Seabrook is located, the median home price is $371,450. Homeowners in Seabrook can expect to pay varying amounts depending on the value of their property. For instance, those in the 25th percentile of tax bills pay around $2,679 annually, while those in the 75th percentile pay about $7,055. At the higher end, the 90th percentile tax bill reaches $11,401. The median tax bill in the area is $4,922, which is significantly higher than the national median property tax rate of 0.99%. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life.
Average Seabrook Tax Bill
$4,922
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 Seabrook, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03874 | $1,189 | $2,679 | $4,922 | $7,055 | $11,401 |
Source: Ownwell