Thornton, Grafton County, New Hampshire Property Taxes

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

Median Thornton, NH effective property tax rate: 2.00%, significantly higher than the national median of 1.02%, but lower than the New Hampshire state median of 1.91%.
Median Thornton, NH home value: $203,400
Median annual Thornton, NH tax bill: $4,070, $1,670 higher than the national median property tax bill of $2,400.

How are property taxes in Grafton calculated?

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

Last Updated March 1, 2025

Thornton, Grafton County, New Hampshire Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

Estimate Property Tax Bill

$4,068

$3,775

Ownwell’s Thornton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Thornton with just two data points.

By entering your property's estimated assessed value, our calculator applies Thornton’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 Thornton, Grafton County, New Hampshire

Local government entities determine tax rates, which can differ significantly across a state. Each county calculates its necessary budget to fund services and divides this by the total assessed value of all taxable properties in its jurisdiction, resulting in the property tax rate. While the process involves votes and legal frameworks, this is the essence of how tax rates are established annually.

In Thornton, located in Grafton County, the effective property tax rate is a crucial factor for homeowners to consider. Comparing Thornton's rate to other cities within New Hampshire and against the national median offers valuable insight. New Hampshire's median property tax rate stands at 2.00%, which is notably higher than the national median of 1.02%. This disparity highlights the importance of understanding local tax obligations, as they can significantly impact financial planning and property affordability.

For homeowners in Thornton, being aware of these differences is essential for effective financial management. By staying informed, property owners can better navigate their tax responsibilities and make more informed decisions about their investments.

Property Tax Rates Across Thornton, 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 Thornton Tax Rate

2.00%

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 Thornton, Grafton County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
03223	2.00%	2.00%	2.00%	2.00%	2.00%
03285	2.00%	2.00%	2.00%	2.00%	2.00%

Source: Ownwell

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

When examining property taxes in Thornton, 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. Assessment notices: 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 Thornton. For example, the median home price in Thornton is $203,400, with tax bills ranging significantly across the county. 03285 has the highest median home price at $204,050.

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

Source: Ownwell

$95,070

$382,085

$669,100

Median Thornton Market Value

$203,400

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 Thornton, Grafton County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
03223	$64,000	$93,900	$134,800	$271,050	$338,000
03285	$107,050	$144,400	$204,050	$270,625	$353,150

Source: Ownwell

Property Tax Bills Across Thornton, Grafton County, New Hampshire

In Thornton, located in Grafton County, NH, property tax bills are determined by assessing the property value and applying the local tax rate. The median home price in Thornton is $203,400, and the property tax rate is applied to this assessed value to calculate the tax bill. Homeowners in Thornton face a range of tax bills, with the 25th percentile at $2,885 and the 75th percentile reaching $5,416. The 90th percentile tax bill can go up to $7,068, reflecting the variation in property values and assessments. This is significantly higher than the national median property tax bill of $2,400. The highest median tax bill in the area is $4,083, found in the 03285 zip code, while the lowest is $2,698 in the 03223 zip code. Ownwell can assist homeowners by identifying potential savings on their property tax bills through appeals and exemptions, ensuring that they are not overpaying and are taking advantage of any available reductions.

Property Tax Bills Across Thornton, Grafton County, New Hampshire

Source: Ownwell

$2,100

$6,988

$11,876

Median Thornton Tax Bill

$4,070

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 Thornton, Grafton County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
03223	$1,280	$1,879	$2,698	$5,424	$6,764
03285	$2,142	$2,889	$4,083	$5,416	$7,067

Source: Ownwell