South Acworth, New Hampshire Property Taxes
The median property tax rate in South Acworth, NH is 2.58%, 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 South Acworth at $167,500, the typical annual property tax bill reaches $4,323, exceeding the national median of $2,690. Property taxes in South Acworth 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 South Acworth'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 South Acworth 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
South Acworth, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.58%
Estimate Property Tax Bill
$4,322
Ownwell’s South Acworth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Acworth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Acworth 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 South Acworth, New Hampshire
Property taxes in South Acworth, 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 South Acworth is 2.58%, significantly higher than the U.S. national median of 0.99%. Local government entities within South Acworth set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Acworth 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 South Acworth's effective property tax rate to other areas in Sullivan County and the national median. For comparison, the zip code 03607 has both the highest and lowest median property tax rate of 2.58%. Understanding how these figures compare with South Acworth 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 South Acworth Tax Rate
2.58%
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 South Acworth, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03607 | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% |
Source: Ownwell
Property Tax Assessment Values Across South Acworth, New Hampshire
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in South Acworth, New Hampshire. 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 South Acworth, 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. The median home price in South Acworth stands at $167,500, with tax bills ranging from $3,402 at the 25th percentile to $6,098 at the 90th percentile. The zip code 03607 has the highest and lowest median tax bill at $4,323. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across South Acworth, New Hampshire
Source: Ownwell
$53,778
$228,739
$403,700
Average South Acworth Assessed Value
$167,500
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 South Acworth, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03607 | $77,800 | $130,700 | $167,500 | $206,500 | $250,469 |
Source: Ownwell
Property Tax Bills Across South Acworth, New Hampshire
In South Acworth, NH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the Sullivan County assessor and reflects the market value of the property. Homeowners in South Acworth typically face property tax bills that vary considerably. For instance, the 25th percentile tax bill stands at $3,402, while the 75th percentile reaches $5,304, and the 90th percentile peaks at $6,098. These figures are influenced by factors such as property size, location, and improvements. Compared to the national median property tax rate of 0.99%, South Acworth's tax rates can significantly impact homeowners. A median home price of $167,500 in the area means that property taxes can be a substantial annual expense. This variability in tax bills underscores the importance of understanding local property assessments and tax rates, as they directly affect the financial responsibilities of homeowners in Sullivan County.
Average South Acworth Tax Bill
$4,323
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 South Acworth, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03607 | $2,008 | $3,402 | $4,323 | $5,304 | $6,098 |
Source: Ownwell