Canaan, Grafton County, New Hampshire Property Taxes
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
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.72%
Estimate Property Tax Bill
$5,468
$5,074
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.
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%
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 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
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