Windham, New Hampshire Property Taxes
The median property tax rate in Windham, NH is 1.98%, 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 Windham, the typical annual property tax bill reaches $9,123, significantly exceeding the national median of $2,690. Property taxes in Windham 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 Windham'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 Windham 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
Windham, 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 Windham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Windham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Windham 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 Windham, New Hampshire
Property taxes in Windham, 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 Windham is 1.98%, significantly higher than the U.S. national median of 0.99%. Local government entities within Windham set these rates annually, and they can vary across different neighborhoods. Each year, Windham 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 Windham's effective property tax rate to other areas in Rockingham County and the national median. For comparison, the highest median property tax rate in Rockingham County is also 1.98%, and the lowest median tax rate is 1.98%, both found in the same zip code of 03087. Understanding how these figures compare with Windham 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 Windham Tax Rate
1.98%
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 Windham, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03087 | 1.98% | 1.98% | 1.98% | 1.98% | 1.98% |
Source: Ownwell
Property Tax Assessment Values Across Windham, New Hampshire
In Windham, 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 Windham, 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 Windham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, Windham's median home price is $461,700, with the highest median tax bill at $9,123 in zip code 03087.
Property Tax Assessment Values Across Windham, New Hampshire
Source: Ownwell
$275,100
$1,110,250
$1,945,400
Average Windham Assessed Value
$461,700
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 Windham, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03087 | $285,150 | $361,425 | $461,700 | $626,800 | $777,850 |
Source: Ownwell
Property Tax Bills Across Windham, New Hampshire
In Windham, NH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is an estimate of the property's market value, determined by the town's assessor. This value is then multiplied by the tax rate set by the local government to determine the annual tax bill. Several factors influence the assessed value, including the property's size, location, condition, and recent sales of comparable properties. For instance, Windham has a median home price of $461,700. Homeowners in Windham can expect to pay a significant amount in property taxes, with tax bills ranging from $7,142 at the 25th percentile to $15,370 at the 90th percentile. The median tax bill in the area is notably higher than the national median property tax rate of 0.99%, reflecting the town's higher property values and tax rates. These tax bills can impact homeowners by influencing their overall housing costs and potentially affecting their ability to afford their homes. Higher property taxes can also influence decisions about buying, selling, or investing in property within the area.
Average Windham Tax Bill
$9,123
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 Windham, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03087 | $5,635 | $7,142 | $9,123 | $12,386 | $15,370 |
Source: Ownwell