Richmond, Cheshire County, New Hampshire Property Taxes

Name: Property Tax Bills Across Richmond, Cheshire County, New Hampshire
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Richmond, NH effective property tax rate: 2.34%, significantly higher than the national median of 1.02%, but lower than the New Hampshire state median of 1.91%.
Median Richmond, NH home value: $174,600
Median annual Richmond, NH tax bill: $4,097, $1,697 higher than the national median property tax bill of $2,400.

How are property taxes in Cheshire calculated?

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

Last Updated March 1, 2025

Richmond, Cheshire County, New Hampshire Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.34%

Estimate Property Tax Bill

$4,086

$3,791

Ownwell’s Richmond Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Richmond with just two data points. By entering your property's estimated assessed value, our calculator applies Richmond’s 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 Cheshire County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Richmond, Cheshire County, New Hampshire

Local government entities set tax rates, which can vary widely within a state. Each year, counties estimate the budget necessary to provide essential services and divide it by the total value of all taxable property in their jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the basic annual process.

Richmond in Cheshire County, New Hampshire, has an effective property tax rate of 2.34%. This rate is higher than the national median property tax rate of 1.02%. In fact, Richmond's rate is among the highest in the region, sharing the same rate across the county. This means homeowners in Richmond are paying significantly more in property taxes compared to the national median property tax bill of $2,400. Understanding these rates can help property owners make informed decisions about property investments and potential tax appeal opportunities.

Property Tax Rates Across Richmond, Cheshire County, New Hampshire

Source: Ownwell

1.41%

2.44%

3.48%

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 Richmond Tax Rate

2.34%

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 Richmond, Cheshire County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
03470	2.34%	2.34%	2.34%	2.35%	2.35%

Source: Ownwell

Property Tax Assessment Values Across Richmond, Cheshire County, New Hampshire

When examining property taxes in Richmond, 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 Richmond. For example, the median home price in Richmond is $174,600, with tax bills ranging significantly across the county. Zip code 03470 has the highest median home price at $174,600.

Property Tax Assessment Values Across Richmond, Cheshire County, New Hampshire

Source: Ownwell

$134,200

$264,050

$393,900

Median Richmond Market Value

$174,600

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 Richmond, Cheshire County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
03470	$53,662	$133,300	$174,600	$212,768	$262,239

Source: Ownwell

Property Tax Bills Across Richmond, Cheshire County, New Hampshire

In Richmond, Cheshire County, NH, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is based on the market value of the property, which can fluctuate due to changes in the housing market. Richmond's property tax bills are notably higher than the national median, with the 25th percentile tax bill at $3,145 and the 75th percentile reaching $4,993. This contrasts with the national median property tax bill of $2,400. Factors influencing these bills include property size, location, and any improvements made to the home. High property taxes can significantly impact homeowners, increasing the overall cost of homeownership. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially reducing their tax burden. By analyzing property assessments and market trends, Ownwell identifies opportunities for savings, ensuring homeowners are not overpaying on their property taxes. This service can lead to substantial savings, easing the financial pressure on Richmond homeowners.

Property Tax Bills Across Richmond, Cheshire County, New Hampshire

Source: Ownwell

$3,682

$5,876

$8,069

Median Richmond Tax Bill

$4,097

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 Richmond, Cheshire County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
03470	$1,318	$3,145	$4,097	$4,993	$6,155

Source: Ownwell