Washington, New Hampshire Property Taxes
The median property tax rate in Washington, NH is 2.11%, 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 Washington, the typical annual property tax bill reaches $3,754, exceeding the national median of $2,690. Property taxes in Washington 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 Washington'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 Washington 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
Washington, 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 Washington Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Washington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Washington to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those 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 Washington, New Hampshire
Property taxes in Washington, NH, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Washington is 2.11%, significantly higher than the U.S. national median of 0.99%. Local government entities within Washington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Washington 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 Washington's effective property tax rate to other counties in New Hampshire and the national median. For comparison, the zip code 03280 has both the highest and lowest median property tax rate at 2.11%. Understanding how these cities compare with Washington 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 Washington Tax Rate
2.11%
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 Washington, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03280 | 2.11% | 2.11% | 2.11% | 2.11% | 2.11% |
Source: Ownwell
Property Tax Assessment Values Across Washington, New Hampshire
In Washington, 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 Washington, 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 Washington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 03280 has the highest median tax bill at $3,754, while the lowest is also in 03280, reflecting the uniformity in property tax assessments within the area.
Property Tax Assessment Values Across Washington, New Hampshire
Source: Ownwell
$53,778
$228,739
$403,700
Average Washington Assessed Value
$178,005
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 Washington, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03280 | $73,300 | $121,400 | $178,005 | $252,384 | $340,600 |
Source: Ownwell
Property Tax Bills Across Washington, New Hampshire
In WASHINGTON, NH, property tax bills are calculated based on the assessed value of a property and the local tax rate set by Sullivan County. The median home price here is $178,005, and property tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. For homeowners, this means that any improvements or changes to their property could impact their assessed value and, subsequently, their tax bill. In Sullivan County, the tax bills vary significantly. For instance, the tax bill at the 25th percentile is $2,560, while at the 75th percentile, it rises to $5,323. Those at the 90th percentile can expect to pay around $7,183. Comparatively, the national median property tax rate is 0.99%, highlighting that property taxes in WASHINGTON, NH can be relatively high, potentially affecting affordability and long-term financial planning for homeowners.
Average Washington Tax Bill
$3,754
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 Washington, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03280 | $1,546 | $2,560 | $3,754 | $5,323 | $7,183 |
Source: Ownwell