Barnstable, Massachusetts Property Taxes
The median property tax rate in Barnstable, MA is 0.90%, which is notably lower than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Barnstable at $760,200, the typical annual property tax bill reaches $6,828, significantly surpassing the national median of $2,690. Property taxes in Barnstable are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Barnstable's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Barnstable or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Barnstable, Massachusetts Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$2,460
Ownwell’s Barnstable Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Barnstable with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barnstable to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Barnstable, Massachusetts
Property taxes in Barnstable, Massachusetts, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Barnstable is 0.90%, slightly below the U.S. national median of 0.99%. Local government entities within Barnstable set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barnstable estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Barnstable's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the zip code 02630 has both the highest and lowest median property tax rate of 0.90%. Understanding how these areas compare with Barnstable provides valuable insights into the varying tax landscape across Barnstable County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Barnstable Tax Rate
0.90%
Average Barnstable County Tax Rate
0.70%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barnstable, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02630 | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Barnstable, Massachusetts
In Barnstable, Massachusetts, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the local appraisal district for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Barnstable, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For example, the median home price is $760,200, with tax bills ranging from $5,218 at the 25th percentile to $14,727 at the 90th percentile. The highest and lowest median tax bill is $6,828 in the 02630 zip code. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Barnstable helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Barnstable, Massachusetts
Source: Ownwell
$390,350
$1,067,975
$1,745,600
Average Barnstable Assessed Value
$760,200
Average Barnstable County Assessed Value
$556,400
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Barnstable, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02630 | $461,320 | $582,075 | $760,200 | $1,058,025 | $1,644,140 |
Source: Ownwell
Property Tax Bills Across Barnstable, Massachusetts
In Barnstable, MA, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the town's assessor, who evaluates your property's market value. This assessed value is then multiplied by the local tax rate to determine your annual tax bill. For example, with a median home price of $760,200, homeowners can expect varying tax bills depending on their property’s assessed value and the specific tax rate applied. Homeowners in Barnstable face a range of tax bills, with the 25th percentile paying around $5,218 and those in the 75th percentile paying approximately $9,506. The highest tax bills, in the 90th percentile, can reach up to $14,727. Interestingly, the highest and lowest median tax bills in the area both stand at $6,828, specifically within the 02630 zip code. Compared to the national median property tax rate of 0.99%, Barnstable's tax rates reflect the region's higher property values, significantly impacting homeowners' annual expenses.
Average Barnstable Tax Bill
$6,828
Average Barnstable County Tax Bill
$4,094
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Barnstable, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02630 | $4,183 | $5,218 | $6,828 | $9,506 | $14,727 |
Source: Ownwell