Penacook, Merrimack County, New Hampshire Property Taxes

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

Median Penacook, NH effective property tax rate: 2.91%, significantly higher than the national median of 1.02%, but lower than the New Hampshire state median of 1.91%.
Median Penacook, NH home value: $250,500
Median annual Penacook, NH tax bill: $7,297, $4,897 higher than the national median property tax bill of $2,400.

How are property taxes in Merrimack calculated?

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

Last Updated March 1, 2025

Penacook, Merrimack County, New Hampshire Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.91%

Estimate Property Tax Bill

$7,290

$6,765

Ownwell’s Penacook Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Penacook with just two data points. By entering your property's estimated assessed value, our calculator applies Penacook’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 Penacook, Merrimack County, New Hampshire

Local government entities determine tax rates, and these can vary considerably within a state. This is because each county annually estimates its required budget to provide essential services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Penacook, located in Merrimack County, the effective property tax rate stands at 2.91%, which is notably higher than the national median property tax rate of 1.02%. This rate is consistent across Merrimack County, making it both the highest and lowest in the area. When compared to the national median property tax bill of $2,400, homeowners in Penacook may find themselves paying significantly more due to the higher rate. Understanding these differences in tax rates can help property owners make informed decisions about their investments and potential savings through tax appeal and exemption services.

Property Tax Rates Across Penacook, 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 Penacook Tax Rate

2.91%

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 Penacook, Merrimack County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
03303	2.91%	2.91%	2.91%	2.91%	2.91%

Source: Ownwell

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

When examining property taxes in Penacook, 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 Penacook. For example, the median home price in Penacook is $250,500, with tax bills ranging significantly across the county. Zip code 03303 has the highest median home price at $250,500.

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

Source: Ownwell

$166,400

$284,850

$403,300

Median Penacook Market Value

$250,500

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 Penacook, Merrimack County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
03303	$198,080	$220,500	$250,500	$288,900	$331,580

Source: Ownwell

Property Tax Bills Across Penacook, Merrimack County, New Hampshire

In Penacook, Merrimack County, NH, property tax bills are calculated based on the assessed value of a home, which reflects its market value. The property tax rate is applied to this assessed value to determine the annual tax bill. With a median home price of $250,500, homeowners in Penacook face a median property tax bill of $7,297. This is significantly higher than the national median property tax bill of $2,400. Tax bills can vary widely, as seen with the 25th percentile tax bill at $6,499 and the 75th percentile at $8,416, while the 90th percentile reaches $9,659. These high tax bills can be burdensome for homeowners. Ownwell offers a solution by assisting homeowners in appealing their property tax assessments and identifying potential exemptions. By leveraging expertise and local market insights, Ownwell helps homeowners reduce their property tax bills, ensuring they pay only their fair share. This service can lead to significant savings, providing financial relief for Penacook residents.

Property Tax Bills Across Penacook, Merrimack County, New Hampshire

Source: Ownwell

$3,558

$6,561

$9,564

Median Penacook Tax Bill

$7,297

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 Penacook, Merrimack County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
03303	$5,770	$6,499	$7,297	$8,416	$9,659

Source: Ownwell