Rochester, New Hampshire Property Taxes
The median property tax rate in Rochester, NH is 2.53%, 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 Rochester, the typical annual property tax bill reaches $4,586, exceeding the national median of $2,690. Property taxes in Rochester 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 Rochester'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 Rochester 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
Rochester, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.53%
Estimate Property Tax Bill
$4,589
Ownwell’s Rochester Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Rochester with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rochester to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities with ease. For those interested in more detailed trends at the neighborhood level, further localized information is available below. Your property’s assessed value is determined by Strafford County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Rochester, New Hampshire
Property taxes in Rochester, NH, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rochester is 2.53%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Rochester set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rochester 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 Rochester's effective property tax rate to other areas in New Hampshire and the national median. For comparison, the zip code 03867 has the highest median property tax rate of 2.53%, while zip code 03868 has the lowest median tax rate of 2.53%. Understanding how these areas compare with Rochester provides valuable insights into the varying tax landscape across Strafford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rochester Tax Rate
2.53%
Average Strafford County Tax Rate
2.42%
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rochester, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03839 | 2.53% | 2.53% | 2.53% | 2.53% | 2.53% |
| 03867 | 2.53% | 2.53% | 2.53% | 2.53% | 2.53% |
| 03868 | 2.53% | 2.53% | 2.53% | 2.53% | 2.53% |
Source: Ownwell
Property Tax Assessment Values Across Rochester, New Hampshire
In Rochester, New Hampshire, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 Strafford 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 Rochester, 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. For instance, the highest median tax bill in Rochester is $4,993 in the 03839 zip code, while the lowest is $4,328 in the 03868 zip code. Knowing these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Rochester, New Hampshire
Source: Ownwell
$171,300
$291,125
$410,950
Average Rochester Assessed Value
$181,400
Average Strafford County Assessed Value
$262,600
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rochester, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03839 | $61,202 | $140,375 | $197,500 | $254,400 | $331,450 |
| 03867 | $43,000 | $124,700 | $181,300 | $235,150 | $297,023 |
| 03868 | $48,030 | $116,225 | $171,300 | $227,950 | $291,570 |
Source: Ownwell
Property Tax Bills Across Rochester, New Hampshire
In Rochester, NH, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $181,400, homeowners can expect varying tax bills depending on the specific assessed value and applicable exemptions. The tax bill in Rochester can range significantly. At the 25th percentile, homeowners might pay around $3,125, while those at the 75th percentile could see bills as high as $6,009. The 90th percentile tax bill can reach up to $7,555. The highest median tax bill in Strafford County is $4,993 in the 03839 zip code, while the lowest is $4,328 in the 03868 zip code. These tax bills impact homeowners by influencing their overall cost of living and can affect decisions related to buying or selling property. Understanding these factors is crucial for managing financial planning and property investments.
Average Rochester Tax Bill
$4,586
Average Strafford County Tax Bill
$5,998
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across Rochester, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03839 | $1,547 | $3,548 | $4,993 | $6,431 | $8,388 |
| 03867 | $1,087 | $3,152 | $4,583 | $5,944 | $7,509 |
| 03868 | $1,214 | $2,938 | $4,328 | $5,763 | $7,371 |
Source: Ownwell