Franklin, Merrimack County, New Hampshire Property Taxes
Median Franklin, NH effective property tax rate: 2.44%, significantly higher than the national median of 1.02%, but lower than the New Hampshire state median of 1.91%.
Median Franklin, NH home value: $172,500
Median annual Franklin, NH tax bill: $4,205, $1,805 higher than the national median property tax bill of $2,400.
How are property taxes in Merrimack calculated?
Property taxes in Franklin, 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 Franklin’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Franklin, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Franklin, Merrimack County, New Hampshire Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.44%
Estimate Property Tax Bill
$4,209
$3,906
Property Tax Rates Across Franklin, Merrimack County, New Hampshire
Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This variation occurs because each year, counties estimate the budget needed to fund public services and divide this amount by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While the process involves votes and legislation, this is the fundamental approach to determining annual property tax rates.
In Franklin, located in Merrimack County, New Hampshire, the effective property tax rate is 2.44%, which stands out when compared to the national median property tax rate of 1.02%. This rate is also reflective of the highest and lowest median tax rates within the zip code 03235. Although higher than the national median, it highlights the local government's approach to meeting budgetary requirements. By understanding these rates, property owners can better navigate their tax responsibilities and explore potential exemptions or appeals.
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 Franklin Tax Rate
2.44%
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 Franklin, Merrimack County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03235 | 2.44% | 2.44% | 2.44% | 2.44% | 2.44% |
Source: Ownwell
Property Tax Assessment Values Across Franklin, Merrimack County, New Hampshire
When examining property taxes in Franklin, 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.
In Merrimack County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Franklin. For example, the median home price in Franklin is $172,500, with tax bills ranging significantly across the county. The zip code 03235 has the highest median home price at $172,500.
Property Tax Assessment Values Across Franklin, Merrimack County, New Hampshire
Source: Ownwell
$166,400
$284,850
$403,300
Median Franklin Market Value
$172,500
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 Franklin, Merrimack County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03235 | $108,100 | $144,600 | $172,500 | $211,900 | $268,300 |
Source: Ownwell
Property Tax Bills Across Franklin, Merrimack County, New Hampshire
In Franklin, located in Merrimack County, NH, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $172,500. Local tax authorities determine the assessed value, which is then multiplied by the local tax rate to calculate the property tax bill. This rate is set annually and reflects the city’s budgetary needs. Homeowners in Franklin face a median property tax bill of $4,205, significantly higher than the national median of $2,400. Tax bills can vary widely, with the 25th percentile at $3,524 and the 75th percentile reaching $5,146, demonstrating the impact of property value assessments and local tax rates on individual bills.
Ownwell assists homeowners by providing property tax appeal and exemption services, potentially lowering their tax obligations. By analyzing property assessments and market conditions, Ownwell identifies opportunities for savings, ensuring homeowners only pay their fair share. This service can be especially beneficial in areas like Franklin, where tax bills can be burdensome.
Property Tax Bills Across Franklin, Merrimack County, New Hampshire
Source: Ownwell
$3,558
$6,561
$9,564
Median Franklin Tax Bill
$4,205
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 Franklin, Merrimack County, New Hampshire
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 03235 | $2,637 | $3,524 | $4,205 | $5,146 | $6,434 |
Source: Ownwell