Canaan, Grafton County, New Hampshire Property Taxes

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

Median Canaan, NH effective property tax rate: 2.72%, significantly higher than the national median of 1.02%, but lower than the New Hampshire state median of 1.91%.
Median Canaan, NH home value: $201,022
Median annual Canaan, NH tax bill: $5,449, $3,049 higher than the national median property tax bill of $2,400.

How are property taxes in Grafton calculated?

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

Last Updated March 1, 2025

Canaan, Grafton County, New Hampshire Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.72%

Estimate Property Tax Bill

$5,468

$5,074

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

Property Tax Rates Across Canaan, Grafton County, New Hampshire

Local government entities set property tax rates, which can vary widely within a state. This is because each county annually 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.

In Canaan, located in Grafton County, New Hampshire, the effective property tax rate is a significant consideration for homeowners. With a median property tax rate of 2.72%, Canaan stands out compared to other cities in New Hampshire. This is notably higher than the national median property tax rate of 1.02%. Homeowners in Canaan may find their property tax bills to be significantly above the national median property tax bill of $2,400. By understanding these rates, property owners can better assess their financial responsibilities and explore potential savings through property tax appeals and exemptions.

Property Tax Rates Across Canaan, Grafton County, New Hampshire

Source: Ownwell

0.64%

2.03%

3.43%

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 Canaan Tax Rate

2.72%

Median Effective Grafton County Tax Rate

2.30%

Median Effective New Hampshire Tax Rate

1.91%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Canaan, Grafton County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
03741	2.71%	2.71%	2.72%	2.72%	2.72%

Source: Ownwell

Property Tax Assessment Values Across Canaan, Grafton County, New Hampshire

When examining property taxes in Canaan, 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 Grafton 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 Grafton County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Canaan. For example, the median home price in Canaan is $201,022, with tax bills ranging significantly across the county. 03741 has the highest median home price at $201,022.

Property Tax Assessment Values Across Canaan, Grafton County, New Hampshire

Source: Ownwell

$95,070

$382,085

$669,100

Median Canaan Market Value

$201,022

Median Grafton County Market Value

$210,700

Median New Hampshire Market Value

$299,765

Median United States Market Value

$235,294

Property Tax Assessment Values Across Canaan, Grafton County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
03741	$96,800	$142,425	$201,022	$269,553	$371,373

Source: Ownwell

Property Tax Bills Across Canaan, Grafton County, New Hampshire

In Canaan, located in Grafton County, NH, property tax bills are determined by the assessed value of a property multiplied by the local tax rate. This rate is set by the local government and reflects the funding needed for public services such as schools, roads, and emergency services. The median home price in Canaan is $201,022, and the resulting tax bills can vary significantly. Homeowners in the 25th percentile pay around $3,827, while those in the 75th percentile see bills closer to $7,314. For the 90th percentile, tax bills reach approximately $10,067. The median property tax bill in Canaan stands at $5,449, which is considerably higher than the national median of $2,400. This substantial difference underscores the importance of ensuring your property is assessed accurately. Ownwell can assist homeowners in Canaan by reviewing their property assessments, identifying potential inaccuracies, and filing appeals to ensure fair taxation. By leveraging Ownwell's expertise, homeowners can potentially reduce their tax liabilities and achieve significant savings.

Property Tax Bills Across Canaan, Grafton County, New Hampshire

Source: Ownwell

$2,100

$6,988

$11,876

Median Canaan Tax Bill

$5,449

Median Grafton County Tax Bill

$4,270

Median New Hampshire Tax Bill

$5,895

Median United States Tax Bill

$2,400

Property Tax Bills Across Canaan, Grafton County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
03741	$2,620	$3,827	$5,449	$7,314	$10,067

Source: Ownwell