New London, Merrimack County, New Hampshire Property Taxes

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

Median New London, NH effective property tax rate: 1.59%, significantly higher than the national median of 1.02%, but lower than the New Hampshire state median of 1.91%.
Median New London, NH home value: $360,900
Median annual New London, NH tax bill: $5,959, $3,559 higher than the national median property tax bill of $2,400.

How are property taxes in Merrimack calculated?

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

Last Updated March 1, 2025

New London, Merrimack County, New Hampshire Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.59%

Estimate Property Tax Bill

$5,738

$5,325

Ownwell’s New London Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in New London with just two data points. By entering your property's estimated assessed value, our calculator applies New London’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. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across New London, Merrimack County, New Hampshire

Local government entities play a crucial role in determining property tax rates, which can vary significantly even within a single state. This variation arises because each county, like Merrimack, estimates its annual budget needs to provide essential services and divides this by the total value of all taxable properties in its area. This calculation determines the property tax rate. Although setting these rates and budgets involves a series of votes and legal considerations, this annual process is fundamentally about balancing budgets with property values.

In New London, located in Merrimack County, the effective property tax rate stands at 1.59%. This rate is notably higher than the national median property tax rate of 1.02%, reflecting the local government's budgetary requirements and property value assessments. When compared to other cities within New Hampshire, New London’s rate is consistent, as it also represents the state's highest and lowest median tax rates. This underscores the importance of understanding local tax dynamics, as property taxes can significantly impact homeowners’ financial planning.

Property Tax Rates Across New London, 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 New London Tax Rate

1.59%

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 New London, Merrimack County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
03257	1.59%	1.59%	1.59%	1.59%	1.59%

Source: Ownwell

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

When examining property taxes in New London, 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 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 New London. For example, the median home price in New London is $360,900, with tax bills ranging significantly across the county. 03257 has the highest median home price at $360,900.

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

Source: Ownwell

$166,400

$284,850

$403,300

Median New London Market Value

$360,900

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 New London, Merrimack County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
03257	$191,700	$264,700	$360,900	$522,200	$867,000

Source: Ownwell

Property Tax Bills Across New London, Merrimack County, New Hampshire

In New London, NH, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value reflects the market value of the property, which is influenced by factors such as location, size, and condition. Homeowners in New London face a median property tax bill significantly higher than the national median of $2,400. In fact, the median tax bill in New London is $5,959, with the 25th percentile at $4,323 and the 75th percentile reaching $8,801. This considerable tax burden can impact homeowners' finances, making it crucial to ensure accurate assessments. Ownwell offers a solution by providing expert property tax appeal services. Through a detailed analysis of your property's assessed value and comparison with similar properties, Ownwell identifies potential discrepancies and files appeals on your behalf. By successfully lowering your assessed value, Ownwell can help reduce your property tax bill, providing significant savings and financial relief for homeowners in New London.

Property Tax Bills Across New London, Merrimack County, New Hampshire

Source: Ownwell

$3,558

$6,561

$9,564

Median New London Tax Bill

$5,959

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 New London, Merrimack County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
03257	$3,085	$4,323	$5,959	$8,801	$14,861

Source: Ownwell