Example of Belknap County Property Tax Calculation
Belknap County calculates property taxes based on the assessed value of the property. For example, if a property's assessed value is $200,000 and the county's tax rate is 1.5%, the property tax due would be $3,000 (200,000 x 0.015). This amount may be adjusted by any applicable exemptions or credits. Property owners in Belknap County typically receive a tax bill twice a year, with payments due in July and December.
If you want appeal your property tax assessment - contact your local tax assessor.
Belknap County Property Tax Rates
Belknap County Property Tax Rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $1.44 |
| Alton | $14.92 |
| Barnstead | $23.19 |
| Belmont | $23.08 |
| Center Harbor | $12.66 |
| Gilford | $17.74 |
| Gilmanton | $25.04 |
| Laconia | $22.35 |
| Meredith | $16.39 |
| New Hampton | $20.07 |
| Sanbornton | $24.32 |
| Tilton | $21.42 |
Note: These rates are subject to change and may vary based on specific property assessments. It is important to consult with a qualified tax professional for accurate and up-to-date information.
Who sets property tax rates in Belknap County ?
Belknap County Property Tax Rates:
In Belknap County, New Hampshire, property tax rates are set by the local government. The Belknap County Board of Commissioners sets the property tax rates on a yearly basis. The tax rates are determined based on the assessed value of the property and the funding needs of the county government.
Assessment of Property Values:
The Belknap County Tax Assessor is responsible for determining the assessed value of each property in the county. The assessed value is used as a basis for determining the property tax owed on a particular parcel of land.
Property Tax Collection:
The Belknap County Treasurer is responsible for collecting property taxes from property owners in the county. Property tax bills are sent out to property owners in December of each year, and payments are due in two installments in July and December.
Appealing Property Tax Assessments:
If a property owner believes that their property has been over-assessed, they have the right to appeal the assessment. The Belknap County Board of Commissioners has a process in place for handling property tax assessment appeals. Property owners can contact the Board of Commissioners for more information about the appeals process.
Overall, the property tax rates in Belknap County are set by the local government, with the Board of Commissioners responsible for determining the rates on a yearly basis. The assessed value of each property is determined by the Tax Assessor, and property taxes are collected by the County Treasurer. Property owners have the right to appeal their property tax assessments if they believe that their property has been over-assessed.
Homestead exemptions in Belknap County ?
Belknap County in New Hampshire offers several Homestead exemptions and deductions to eligible homeowners. Here is a table of the available exemptions and deductions with their corresponding details:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Elderly/Disabled Exemption | 65+ or totally/permanently disabled | $25,000 | Must submit proof of age/disability |
| Blind Exemption | Blind or visually impaired | $15,000 | Must submit proof of blindness/visual impairment |
| Veteran’s Credit | Honorably discharged veterans | $500 | Must submit proof of service |
| Surviving Spouse | Widow/widower of eligible homeowner | $25,000 | Must submit proof of eligibility |
It's important to note that homeowners must apply for these exemptions and deductions with the Belknap County Tax Assessor's office before the deadline. The application process may require additional documentation and proof of eligibility.
Additionally, it's recommended for homeowners to review their property tax bills each year to ensure that any eligible exemptions and deductions have been applied correctly.
Overall, these Homestead exemptions and deductions can provide valuable tax relief for eligible homeowners in Belknap County.
When is Belknap County Property Tax due ?
Belknap County Property Tax is typically due twice a year: on July 1st and December 1st.
Payment methods include:
- Online: Payments can be made online through the Belknap County website. They accept payments via credit card and electronic check.
- By mail: Payments can be mailed in the form of a check or money order to the Belknap County Treasurer's Office. The address is: 34 County Drive, Laconia, NH 03246.
- In person: Payments can be made in person at the Belknap County Treasurer's Office during regular business hours. They accept cash, check, and credit card payments.
It is important to note that late payments may result in penalties and interest fees, so it is recommended that property owners make their payments on time.
If you have more questions - contact your local tax collector.
How is Belknap County Property Tax penalty calculated ?
Belknap County calculates property tax penalties based on the amount of time past the due date that the payment is made.
The penalty for late payment is 12% per annum, calculated monthly, starting on the 30th day after the due date. This means that if a property owner's tax bill is due on July 1st and they pay on August 15th, they will be charged a penalty of 1.2% (12% annual penalty divided by 12 months) for each of the two months the payment is late, or a total penalty of 2.4%.
Here is an example:
- Property tax bill due date: July 1st
- Payment made on August 15th
- Days late: 45 (15 days in July + 30 days in August)
- Annual penalty rate: 12%
- Monthly penalty rate: 1%
- Penalty charged: 2.4% (2 months x 1.2% penalty per month)
To avoid penalties, property owners should make sure to pay their property tax bill on time, or make arrangements with their local tax collector if they are unable to do so.
We recommend contacting the Belknap County Tax Office or a local tax professional for the most up-to-date and accurate information.