03894 Property Tax Rate

Property owners in ZIP code 03894 (Wolfeboro, New Hampshire) pay a median of $4,181/year in property taxes on homes valued at $435,300. This translates to an effective tax rate of 0.96%, which is 45% below the New Hampshire state average of 1.74%.

The monthly property tax burden for a median-valued home in 03894 is approximately $348, which factors into escrow payments on mortgages. This ZIP code is located within Carroll County. This is $1,782 less than the New Hampshire average of $5,963/year.

Compared to similar ZIP codes in New Hampshire, 03894 has lower property taxes. ZIP codes with similar effective rates include 03872 (0.95%) and 03771 (0.97%).

In Wolfeboro, property taxes represent approximately 4.9% of the median household income of $84,660, providing context for the relative tax burden on homeowners in this area.

New Hampshire has no statewide property tax cap and assesses property at full market value; Carroll County revaluations occur every five years or at sale, establishing your purchase price as the assessed value. New Hampshire offers no homestead exemption, but the Elderly and Disabled Tax Exemption Program is available for seniors (65+), disabled residents, and surviving spouses meeting income requirements—contact the Carroll County Assessor's office to confirm your eligibility. Submit your exemption application by April 15 and request the Assessor's notice of assessed value to verify the valuation used in your tax calculation.