Newmarket, Rockingham County, New Hampshire Property Taxes

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

Median Newmarket, NH effective property tax rate: 2.95%, significantly higher than the national median of 1.02%, but lower than the New Hampshire state median of 1.91%.
Median Newmarket, NH home value: $282,100
Median annual Newmarket, NH tax bill: $8,319, $5,919 higher than the national median property tax bill of $2,400.

How are property taxes in Rockingham calculated?

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

Last Updated March 1, 2025

Newmarket, Rockingham County, New Hampshire Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.95%

Estimate Property Tax Bill

$8,322

$7,723

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

Property Tax Rates Across Newmarket, Rockingham County, New Hampshire

Local government entities set tax rates, which can vary widely within a state. This variation is due to the annual process where each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Votes and laws play a role in setting these rates and budgets, but this is the core process. In Newmarket, located in Rockingham County, New Hampshire, the effective property tax rate offers a fascinating insight into local taxation. With the county's median property tax rate at 2.95%, Newmarket stands out compared to other cities in New Hampshire. This rate is significantly higher than the national median property tax rate of 1.02%, highlighting the unique fiscal landscape of the area. Such a high rate can influence homeowners' decisions and impact the real estate market, making it crucial for property owners to understand and potentially appeal their assessed values to ensure fair taxation.

Property Tax Rates Across Newmarket, Rockingham County, New Hampshire

Source: Ownwell

0.50%

1.72%

2.95%

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 Newmarket Tax Rate

2.95%

Median Effective Rockingham County Tax Rate

1.90%

Median Effective New Hampshire Tax Rate

1.91%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Newmarket, Rockingham County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
03857	2.95%	2.95%	2.95%	2.95%	2.95%

Source: Ownwell

Property Tax Assessment Values Across Newmarket, Rockingham County, New Hampshire

When examining property taxes in Newmarket, 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 Rockingham 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: Rockingham County sends assessment notices 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 Newmarket. For example, the median home price in Newmarket is $282,100, with tax bills ranging significantly across the county. 03857 has the highest median home price at $282,100.

Property Tax Assessment Values Across Newmarket, Rockingham County, New Hampshire

Source: Ownwell

$275,100

$1,110,250

$1,945,400

Median Newmarket Market Value

$282,100

Median Rockingham County Market Value

$373,900

Median New Hampshire Market Value

$299,765

Median United States Market Value

$235,294

Property Tax Assessment Values Across Newmarket, Rockingham County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
03857	$114,680	$215,400	$282,100	$351,700	$439,240

Source: Ownwell

Property Tax Bills Across Newmarket, Rockingham County, New Hampshire

Property tax bills in Newmarket, located in Rockingham County, NH, are determined by assessing the market value of a property and applying the local tax rate. With a median home price of $282,100, homeowners in this area face significant tax bills. For instance, the tax bill at the 25th percentile is $6,352, which is considerably higher than the national median property tax bill of $2,400. The tax bill reaches $10,372 at the 75th percentile, and a staggering $12,953 at the 90th percentile. These figures highlight the financial burden on homeowners in this region compared to the national average. Ownwell assists homeowners by offering property tax appeal and exemption services, potentially reducing these hefty bills. By ensuring that property assessments are accurate and fair, Ownwell helps homeowners potentially save thousands of dollars. This service is especially valuable in areas like Newmarket, where property tax bills are notably higher than the national median.

Property Tax Bills Across Newmarket, Rockingham County, New Hampshire

Source: Ownwell

$4,706

$9,143

$13,579

Median Newmarket Tax Bill

$8,319

Median Rockingham County Tax Bill

$6,989

Median New Hampshire Tax Bill

$5,895

Median United States Tax Bill

$2,400

Property Tax Bills Across Newmarket, Rockingham County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
03857	$3,382	$6,352	$8,319	$10,372	$12,953

Source: Ownwell