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Contoocook, Merrimack County, New Hampshire Property Taxes

  • Median Contoocook, NH effective property tax rate: 3.23%, significantly higher than the national median of 1.02%, but lower than the New Hampshire state median of 1.91%.

  • Median Contoocook, NH home value: $290,100

  • Median annual Contoocook, NH tax bill: $9,564, $7,164 higher than the national median property tax bill of $2,400.

How are property taxes in Merrimack County calculated?

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

Last Updated March 1, 2025

Contoocook, Merrimack County, New Hampshire Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.23%

Estimate Property Tax Bill

$9,370

$8,695

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

By entering your property's estimated assessed value, our calculator applies Contoocook’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 Merrimack County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Contoocook, Merrimack County, New Hampshire

Local government entities determine tax rates, and these can vary significantly within New Hampshire. This variation arises because each county annually estimates its required budget for services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the basic annual process.

In Contoocook, located in Merrimack County, the effective property tax rate is notably higher than the national median property tax rate of 1.02%. This places a significant financial responsibility on property owners compared to other regions.

Comparing Contoocook’s tax rate with other cities in New Hampshire, it is clear that property taxes can be a considerable expense for homeowners. The median property tax rate in New Hampshire is also higher than the national average, emphasizing the importance of understanding local tax obligations.

It is crucial for property owners in Contoocook to stay informed about their property tax rates and explore potential avenues for appeal or exemption to alleviate their tax burden.

Property Tax Rates Across Contoocook, Merrimack County, New Hampshire

Source: Ownwell

1.14%

2.18%

3.23%

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 Contoocook Tax Rate

3.23%

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 Merrimack County Tax Rate

2.44%

Median Effective New Hampshire Tax Rate

1.91%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Contoocook, Merrimack County, New Hampshire

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
032293.22%3.22%3.23%3.26%3.39%

Source: Ownwell

Property Tax Assessment Values Across Contoocook, Merrimack County, New Hampshire

When examining property taxes in Contoocook, 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 Merrimack 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: In Merrimack 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 Contoocook. For example, the median home price in Contoocook is $290,100, with tax bills ranging significantly across the county. 03229 has the highest median home price at $290,100.

Property Tax Assessment Values Across Contoocook, Merrimack County, New Hampshire

Source: Ownwell

$166,400

$284,850

$403,300

Median Contoocook Market Value

$290,100

Median Merrimack County Market Value

$264,400

Median New Hampshire Market Value

$299,765

Median United States Market Value

$235,294

Property Tax Assessment Values Across Contoocook, Merrimack County, New Hampshire

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
03229$139,050$225,003$290,100$375,625$479,460

Source: Ownwell

Property Tax Bills Across Contoocook, Merrimack County, New Hampshire

In Contoocook, Merrimack 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 with real estate trends. In this area, the highest and lowest median tax bill is $9,564, significantly higher than the national median property tax bill of $2,400. This suggests that homeowners in Contoocook face a substantial financial obligation compared to the national average. Factors such as property size, location, and improvements can influence the assessed value and, consequently, the tax bill. For homeowners, these high tax bills can strain finances, making it crucial to ensure their property is assessed fairly. Ownwell offers expertise in property tax appeals and exemption services, helping homeowners potentially lower their tax bills. By analyzing assessments and identifying discrepancies, Ownwell can assist in challenging overvaluations, providing a pathway to significant savings and easing the financial burden on homeowners.

Property Tax Bills Across Contoocook, Merrimack County, New Hampshire

Source: Ownwell

$3,558

$6,561

$9,564

Median Contoocook Tax Bill

$9,564

Median Merrimack County Tax Bill

$6,194

Median New Hampshire Tax Bill

$5,895

Median United States Tax Bill

$2,400

Property Tax Bills Across Contoocook, Merrimack County, New Hampshire

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
03229$4,747$7,470$9,564$12,250$15,535

Source: Ownwell