Gilsum, Cheshire County, New Hampshire Property Taxes
Median Gilsum, NH effective property tax rate: 2.60%, significantly higher than the national median of 1.02%, but lower than the New Hampshire state median of 1.91%.
Median Gilsum, NH home value: $170,400
Median annual Gilsum, NH tax bill: $4,436, $2,036 higher than the national median property tax bill of $2,400.
How are property taxes in Cheshire calculated?
Property taxes in Gilsum, 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 Gilsum’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gilsum, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gilsum, Cheshire County, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.6%
Estimate Property Tax Bill
$4,430
$4,111
Property Tax Rates Across Gilsum, Cheshire County, New Hampshire
Local government entities are responsible for setting tax rates, which can vary significantly even within the same state. Each year, counties estimate their required budget to provide essential services and divide this by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While setting these rates involves votes and legislation, this annual process is crucial for determining local property taxes.
In Gilsum, located in Cheshire County, the effective property tax rate stands at 2.60%. This is notably higher than the national median property tax rate of 1.02%. When compared to other cities in New Hampshire, Gilsum's rate is among the highest, reflecting the unique budgetary needs and property values in this area. Understanding these rates and how they compare to both state and national figures can help property owners make informed decisions about their investments and financial planning. Knowing where Gilsum stands in relation to the state and national averages provides valuable context for property owners navigating the complexities of property tax obligations.
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 Gilsum Tax Rate
2.60%
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 Cheshire County Tax Rate
2.60%
Median Effective New Hampshire Tax Rate
1.91%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gilsum, Cheshire County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03448 | 2.60% | 2.60% | 2.60% | 2.60% | 2.60% |
Source: Ownwell
Property Tax Assessment Values Across Gilsum, Cheshire County, New Hampshire
When examining property taxes in Gilsum, 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 Cheshire 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.
In Cheshire County, assessment notices are sent 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 Gilsum.
For example, the median home price in Gilsum is $170,400, with tax bills ranging significantly across the county. 03448 has the highest median home price at $170,400.
Property Tax Assessment Values Across Gilsum, Cheshire County, New Hampshire
Source: Ownwell
$134,200
$264,050
$393,900
Median Gilsum Market Value
$170,400
Median Cheshire County Market Value
$207,690
Median New Hampshire Market Value
$299,765
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gilsum, Cheshire County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03448 | $87,980 | $125,300 | $170,400 | $214,575 | $264,359 |
Source: Ownwell
Property Tax Bills Across Gilsum, Cheshire County, New Hampshire
In Gilsum, Cheshire County, NH, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The median property tax bill in this area is notably higher than the national median, with homeowners typically paying around $4,436 annually. This is significantly above the national median property tax bill of $2,400. Factors influencing these bills include the assessed home value and the local tax rate, which can vary depending on municipal budgets and needs. Higher tax bills can place a considerable financial burden on homeowners, affecting their overall affordability and cost of living.
Ownwell offers a solution to mitigate these expenses. By leveraging expert knowledge and a thorough understanding of local tax codes, Ownwell assists homeowners in appealing their property tax assessments. This service can lead to substantial savings by ensuring homeowners are not overpaying based on inaccurate assessments. By partnering with Ownwell, homeowners in Gilsum can potentially reduce their property tax bills, easing their financial burden and enhancing their homeownership experience.
Median Gilsum Tax Bill
$4,436
Median Cheshire County Tax Bill
$5,311
Median New Hampshire Tax Bill
$5,895
Median United States Tax Bill
$2,400
Property Tax Bills Across Gilsum, Cheshire County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03448 | $2,290 | $3,262 | $4,436 | $5,585 | $6,882 |
Source: Ownwell