Hanover, Grafton County, New Hampshire Property Taxes
Median Hanover, NH effective property tax rate: 1.78%, significantly higher than the national median of 1.02%, but lower than the New Hampshire state median of 1.91%. Median Hanover, NH home value: $669,100. Median annual Hanover, NH tax bill: $11,876, $9,476 higher than the national median property tax bill of $2,400.
How are property taxes in Grafton calculated?
Property taxes in Hanover, 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 Hanover’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hanover, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hanover, Grafton County, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.78%
Estimate Property Tax Bill
$11,910
$11,052
Property Tax Rates Across Hanover, Grafton County, New Hampshire
Local government entities set property tax rates, which can vary significantly within a state. 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.
In Hanover, located in Grafton County, the effective property tax rate is 1.78%. This rate is noticeably higher than the national median property tax rate of 1.02%. When compared to other cities in New Hampshire, Hanover's rate stands out as both the highest and lowest median tax rate within the 03755 zip code, reflecting a consistency in property tax assessments within the area. This can be attributed to the local government's budgetary requirements and the total assessed property value in the region. By understanding these dynamics, property owners in Hanover can better anticipate their tax obligations and explore potential property tax appeal and exemption opportunities.
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 Hanover Tax Rate
1.78%
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 Hanover, Grafton County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03755 | 1.76% | 1.77% | 1.78% | 1.78% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Hanover, Grafton County, New Hampshire
When examining property taxes in Hanover, 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 May. 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 Hanover. For example, the median home price in Hanover is $669,100, with tax bills ranging significantly across the county. Zip code 03755 has the highest median home price at $669,100.
Property Tax Assessment Values Across Hanover, Grafton County, New Hampshire
Source: Ownwell
$95,070
$382,085
$669,100
Median Hanover Market Value
$669,100
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 Hanover, Grafton County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03755 | $319,970 | $433,225 | $669,100 | $891,800 | $1,221,950 |
Source: Ownwell
Property Tax Bills Across Hanover, Grafton County, New Hampshire
In Hanover, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. This means that for a median home price of $669,100, homeowners can expect a significant tax bill. The median property tax bill in Hanover is notably higher than the national median of $2,400, with figures reaching up to $11,876 in certain areas. The variability in tax bills is influenced by factors such as property location within the 03755 zip code and the specific assessed value of the property. For homeowners, this can result in annual tax bills ranging from $7,686 at the 25th percentile to $21,659 at the 90th percentile.
Ownwell assists homeowners in Hanover by offering property tax appeal services, potentially reducing their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell can challenge over-assessments, leading to lower tax bills. This service can be particularly beneficial given the high property tax rates in the area, providing financial relief to homeowners.
Median Hanover Tax Bill
$11,876
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 Hanover, Grafton County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03755 | $5,679 | $7,686 | $11,876 | $15,829 | $21,659 |
Source: Ownwell