Gilmanton Iron Works, Belknap County, New Hampshire Property Taxes

Name: Property Tax Bills Across Gilmanton Iron Works, Belknap County, New Hampshire
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Gilmanton Iron Works, NH effective property tax rate: 2.40%, significantly higher than the national median of 1.02%, but lower than the New Hampshire state median of 1.91%.
Median Gilmanton Iron Works, NH home value: $242,300
Median annual Gilmanton Iron Works, NH tax bill: $5,686, $3,286 higher than the national median property tax bill of $2,400.

How are property taxes in Belknap calculated?

Property taxes in Gilmanton Iron Works, NH are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Gilmanton Iron Works’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gilmanton Iron Works, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Gilmanton Iron Works, Belknap County, New Hampshire Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.4%

Estimate Property Tax Bill

$5,815

$5,396

Ownwell’s Gilmanton Iron Works Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Gilmanton Iron Works with just two data points. By entering your property's estimated assessed value, our calculator applies Gilmanton Iron Works’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Belknap County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Gilmanton Iron Works, Belknap County, New Hampshire

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Gilmanton Iron Works’ effective property tax rate to other cities in New Hampshire and the median property tax rates in New Hampshire and the U.S.

Gilmanton Iron Works, located in Belknap County, has a median property tax rate of 2.40%, which is significantly higher than the national median of 1.02%. This rate is reflective of the state's overall property tax landscape, as New Hampshire is known for having higher property taxes compared to many other states. When considering property tax rates, it's essential to understand that these rates are influenced by local budgetary needs and the total value of taxable property, which can lead to significant differences even within the same state.

Property Tax Rates Across Gilmanton Iron Works, Belknap County, New Hampshire

Source: Ownwell

0.90%

1.65%

2.40%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Gilmanton Iron Works Tax Rate

2.40%

Median Effective Belknap County Tax Rate

1.48%

Median Effective New Hampshire Tax Rate

1.91%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Gilmanton Iron Works, Belknap County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
03837	2.40%	2.40%	2.40%	2.40%	2.40%

Source: Ownwell

Property Tax Assessment Values Across Gilmanton Iron Works, Belknap County, New Hampshire

When examining property taxes in Gilmanton Iron Works, NH, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Belknap County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: Belknap County sends assessment notices in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Gilmanton Iron Works. For example, the median home price in Gilmanton Iron Works is $242,300, with tax bills ranging significantly across the county. Zip code 03837 has the highest median home price at $242,300.

Property Tax Assessment Values Across Gilmanton Iron Works, Belknap County, New Hampshire

Source: Ownwell

$180,762

$296,646

$412,530

Median Gilmanton Iron Works Market Value

$242,300

Median Belknap County Market Value

$267,900

Median New Hampshire Market Value

$299,765

Median United States Market Value

$235,294

Property Tax Assessment Values Across Gilmanton Iron Works, Belknap County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
03837	$146,150	$190,162	$242,300	$315,550	$409,110

Source: Ownwell

Property Tax Bills Across Gilmanton Iron Works, Belknap County, New Hampshire

In Gilmanton Iron Works, Belknap County, NH, property tax bills are determined by assessing the property's value and applying the local tax rate. The assessed value, based on the market value of the property, is a key factor in calculating the tax bill. Homeowners may find their tax bills vary significantly, with the 25th percentile at $4,343 and the 90th percentile reaching $9,244. This is considerably higher than the national median property tax bill of $2,400. Such high tax bills can place a financial strain on homeowners.

Ownwell offers a solution by helping homeowners navigate the complexities of property tax appeals and exemptions. By analyzing property assessments and providing expert guidance, Ownwell can identify potential savings opportunities. This can result in a significant reduction in tax bills, offering relief to homeowners burdened by high property taxes. With Ownwell's assistance, homeowners can ensure they are not overpaying and can achieve fair taxation based on their property's true value.

Property Tax Bills Across Gilmanton Iron Works, Belknap County, New Hampshire

Source: Ownwell

$2,970

$4,328

$5,686

Median Gilmanton Iron Works Tax Bill

$5,686

Median Belknap County Tax Bill

$4,251

Median New Hampshire Tax Bill

$5,895

Median United States Tax Bill

$2,400

Property Tax Bills Across Gilmanton Iron Works, Belknap County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
03837	$3,237	$4,343	$5,686	$7,272	$9,244

Source: Ownwell