Example of Grafton County Property Tax Calculation
Grafton County property tax calculation is based on the assessed value of a property. The assessed value is determined by the local town or city assessor's office. The assessed value is then multiplied by the town or city's tax rate to determine the property tax amount. For example, if a property in Grafton County has an assessed value of $100,000 and the town's tax rate is $20 per $1,000 of assessed value, the property tax amount would be $2,000.
It is important to note that Grafton County property taxes also include taxes for county services, such as schools and public works. These taxes are added to the town or city's tax rate to determine the total property tax amount.
Property owners in Grafton County may also be eligible for exemptions or abatements, such as veteran or senior citizen exemptions. These exemptions can reduce the assessed value of the property and, in turn, lower the property tax amount.
Overall, Grafton County property tax calculation is a straightforward process based on the assessed value of the property and the town or city's tax rate. Property owners should be aware of any exemptions or abatements they may be eligible for to potentially lower their property tax amount.
If you want appeal your property tax assessment - contact your local tax assessor.
Grafton County Property Tax Rates
The Grafton County Property Tax rates for the year 2021 are as follows:
| Tax Type | Rate per $100 of Assessed Value |
|---|---|
| Municipal | $1.38 |
| County | $1.19 |
| School | $16.14 |
| State | $2.04 |
These rates are subject to change annually and are based on the assessed value of the property. It is important to note that additional taxes may apply, such as special assessments or district taxes. Property owners in Grafton County should always consult with a qualified tax professional to ensure they are fully informed of their tax obligations.
Who sets property tax rates in Grafton County ?
In Grafton County, property tax rates are set by the County Commissioners annually. This typically occurs in the fall season, prior to the start of the new fiscal year on January 1st. The Commissioners evaluate the County's budget and determine the necessary revenue from property taxes to fund it, taking into consideration various factors such as the County's expenditures, projected revenue from other sources, and the overall tax base in the County. Once the tax rate is set, it is applied uniformly to all properties within the County based on their assessed value. Property owners in Grafton County can contact their local town or city assessors to obtain information on how their property's value is determined and how it will be taxed.
Homestead exemptions in Grafton County ?
To best understand the county specific Homestead exemptions and deductions in Grafton County, New Hampshire, it helps to break down the information into four columns: exemption, eligibility, amount, and notes. Here is a table outlining the Homestead exemptions and deductions in Grafton County:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Elderly | Age 65+ | $50,000 | Applicants must have been a resident of New Hampshire for at least three consecutive years prior to April 1st of the year in which they apply. Must own and occupy the home as their primary place of residence as of April 1st. Income requirements also apply. |
| Blind | Blindness | $50,000 | Applicants must have been a resident of New Hampshire for at least three consecutive years prior to April 1st of the year in which they apply. Must own and occupy the home as their primary place of residence as of April 1st. Income requirements also apply. |
| Disabled | Disability | $50,000 | Applicants must have been a resident of New Hampshire for at least three consecutive years prior to April 1st of the year in which they apply. Must own and occupy the home as their primary place of residence as of April 1st. Income requirements also apply. |
| Veterans | Service | Varies | There are several different programs available for veterans in New Hampshire, including the Veterans Tax Credit, which provides a $1000 credit for eligible veterans, and the Elderly Veterans Property Tax Credit, which provides a credit of 10% of the taxable value of the homestead for veterans over the age of 65. Eligibility and amount vary depending on the program. |
| Conservation | Land | Varies | Owners of properties designated as "current use" or "conservation land" may be eligible for a property tax exemption or reduced tax rate. Eligibility requirements and amount vary depending on the program. |
It's important to note that the eligibility requirements and amount of each exemption or deduction can vary depending on the specific program. To find out more about these Homestead exemptions and deductions in Grafton County, individuals should contact the Grafton County Tax Assessor's Office or visit the New Hampshire Department of Revenue Administration's website.
When is Grafton County Property Tax due ?
Grafton County Property Tax is typically due on December 1st of each year. There are several payment methods available for taxpayers, including:
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In-person: Taxpayers can pay in-person at the Grafton County Treasurer's Office, located at 3855 Dartmouth College Highway in North Haverhill, NH. Office hours are Monday-Friday, 8:00am-4:00pm.
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Mail: Taxpayers can mail their payment to the Grafton County Treasurer's Office at P.O. Box 10, North Haverhill, NH 03774. Payments must be postmarked no later than December 1st.
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Online: Taxpayers can pay online through the Grafton County website using a credit or debit card. A convenience fee will be charged for this service.
It's important to note that failure to pay property taxes on time can result in penalties and interest charges. Taxpayers who are unable to pay their full amount by December 1st should contact the Grafton County Treasurer's Office to discuss payment options.
If you have more questions - contact your local tax collector.
How is Grafton County Property Tax penalty calculated ?
Grafton County calculates property tax penalties based on the amount of time past the due date that the tax payment is received. The penalty is a percentage of the amount owed and increases with each additional month of delinquency. Here is an example of how the penalty is calculated:
Assume that the due date for Grafton County's property tax payment is July 1st and that the amount owed is $5,000. If the payment is received on August 1st, the penalty will be 1% of $5,000, or $50. If the payment is received on September 1st, the penalty will be 2% of $5,000, or $100. And if the payment is received on October 1st, the penalty will be 3% of $5,000, or $150.
The penalty continues to increase by 1% per month until it reaches a maximum of 18%. After 18 months, the property may be subject to tax foreclosure.
It is important to note that interest also accrues on any unpaid property tax amount, in addition to the penalty. The interest rate is set by the state of New Hampshire and can fluctuate from year to year.
To avoid penalties and interest on property taxes, it is recommended to pay the full amount by the due date or to set up a payment plan with the county. If you have any questions about property tax penalties or payment options, it is best to reach out to the Grafton County Tax Collector's Office.
Here is a summary of the penalty calculation process:
| Time past due date | Penalty |
|---|---|
| Month 1 | 1% |
| Month 2 | 2% |
| Month 3 | 3% |
| Month 4 | 4% |
| Month 5 | 5% |
| Month 6 | 6% |
| Month 7 | 7% |
| Month 8 | 8% |
| Month 9 | 9% |
| Month 10 | 10% |
| Month 11 | 11% |
| Month 12 | 12% |
| Month 13 | 13% |
| Month 14 | 14% |
| Month 15 | 15% |
| Month 16 | 16% |
| Month 17 | 17% |
| Month 18 | 18% |
Remember that interest also accrues on any unpaid property tax amount in addition to the penalty.
We recommend contacting the Grafton County Tax Office or a local tax professional for the most up-to-date and accurate information.