Grantham, New Hampshire Property Taxes
The median property tax rate in Grantham, NH is 1.82%, notably higher than the national median of 0.99%, yet slightly below the New Hampshire state median of 1.91%. With a median home value of $365,400 in Grantham, the typical annual property tax bill amounts to $6,485, significantly surpassing the national median of $2,690. Property taxes in Grantham are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Grantham's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Grantham or another part of Sullivan County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grantham, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.82%
Estimate Property Tax Bill
$6,650
Ownwell’s Grantham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grantham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grantham 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 Grantham, New Hampshire
Property taxes in Grantham, New Hampshire, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Grantham is 1.82%, significantly higher than the U.S. national median of 0.99%. Local government entities within Grantham set these rates annually, and they can vary across different neighborhoods. Each year, Grantham 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 Grantham's effective property tax rate to other areas in Sullivan County and the national median. For comparison, the zip code 03753 has the highest median property tax rate of 1.82%, while the lowest median tax rate is also 1.82%. Understanding how these areas compare with Grantham 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 Grantham Tax Rate
1.82%
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 Grantham, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03753 | 1.64% | 1.64% | 1.82% | 1.82% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across Grantham, New Hampshire
In Grantham, 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 Grantham, 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 Grantham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Grantham are both in the zip code 03753, with a value of $6,485.
Average Grantham Assessed Value
$365,400
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 Grantham, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03753 | $244,000 | $294,900 | $365,400 | $463,912 | $586,100 |
Source: Ownwell
Property Tax Bills Across Grantham, New Hampshire
In Grantham, located in Sullivan County, NH, property tax bills are calculated based on the assessed value of the property and the local tax rate. Homeowners in Grantham typically see tax bills that reflect the town's commitment to funding essential services such as schools, infrastructure, and emergency services. The assessed value is determined by the local tax assessor and is meant to represent the property's fair market value. Several factors influence the total tax bill, including the property's size, location, and condition. For example, the median home price in Grantham is $365,400, and tax bills can vary significantly. Homeowners at the 25th percentile can expect to pay around $5,233 annually, while those at the 75th percentile may see bills as high as $8,104. At the 90th percentile, tax bills can reach up to $10,350. This variability underscores the importance of accurate property assessments and the impact of local tax rates on homeowners' finances.
Average Grantham Tax Bill
$6,485
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 Grantham, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03753 | $4,315 | $5,233 | $6,485 | $8,104 | $10,350 |
Source: Ownwell