Goshen, New Hampshire Property Taxes
The median property tax rate in Goshen, NH is 2.20%, 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 Goshen at $144,400, the typical annual property tax bill reaches $3,195, exceeding the national median of $2,690. Property taxes in Goshen 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 Goshen'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 Goshen 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
Goshen, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.2%
Estimate Property Tax Bill
$3,177
Ownwell’s Goshen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Goshen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Goshen 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 Goshen, New Hampshire
Property taxes in Goshen, 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 Goshen is 2.20%, significantly higher than both the New Hampshire state median and the U.S. national median of 0.99%. Local government entities within Goshen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Goshen 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 Goshen's effective property tax rate to other areas in Sullivan County and the national median. For comparison, the area with the highest median property tax rate in Sullivan County also has a rate of 2.20%, while the area with the lowest median tax rate similarly stands at 2.20%. Understanding how these areas compare with Goshen provides valuable insights into the varying tax landscape across Sullivan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Goshen Tax Rate
2.20%
Average Sullivan County Tax Rate
2.36%
Average New Hampshire Tax Rate
1.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Goshen, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03752 | 2.20% | 2.20% | 2.20% | 2.20% | 2.20% |
Source: Ownwell
Property Tax Assessment Values Across Goshen, New Hampshire
In Goshen, 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 Sullivan 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 Goshen, 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 Goshen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Goshen is $3,195 in the 03752 zip code.
Average Goshen Assessed Value
$144,400
Average Sullivan County Assessed Value
$185,800
Average New Hampshire Assessed Value
$299,765
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Goshen, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03752 | $7,355 | $76,560 | $144,400 | $197,700 | $256,100 |
Source: Ownwell
Property Tax Bills Across Goshen, New Hampshire
In Goshen, property tax bills are determined by the assessed value of a property, which is calculated by the local tax assessor. This assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. For homeowners in Goshen, the median home price stands at $144,400, which serves as a baseline for understanding potential tax obligations. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. In Goshen, the tax bill varies significantly, with the 25th percentile at $1,752 and the 75th percentile at $4,381, indicating a wide range of tax burdens. At the higher end, the 90th percentile tax bill reaches $5,666. Comparatively, the national median property tax rate is 0.99%, making Goshen's rates relatively higher. This disparity can significantly impact homeowners, especially those in the highest tax brackets, who may face substantial annual tax bills. Understanding these factors is crucial for homeowners to effectively manage their property tax liabilities.
Average Goshen Tax Bill
$3,195
Average Sullivan County Tax Bill
$4,808
Average New Hampshire Tax Bill
$5,895
Average United States Tax Bill
$2,690
Property Tax Bills Across Goshen, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03752 | $192 | $1,752 | $3,195 | $4,381 | $5,666 |
Source: Ownwell