East Dennis, Massachusetts Property Taxes
The median property tax rate in East Dennis, MA is 0.47%, considerably lower than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in East Dennis at $1,331,800, the typical annual property tax bill reaches $6,220, significantly exceeding the national median of $2,690. Property taxes in East Dennis are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding East Dennis's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of East Dennis or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
East Dennis, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$6,259
Ownwell’s East Dennis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Dennis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Dennis 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 Barnstable County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across East Dennis, Massachusetts
Property taxes in East Dennis, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Dennis is 0.47%, which is significantly lower than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within East Dennis set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Dennis 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 East Dennis's effective property tax rate to other areas in Massachusetts and the national median. For comparison, the zip code 02641 has the highest median property tax rate of 0.47%, while the same zip code also has the lowest median tax rate of 0.47%. Understanding how these cities compare with East Dennis 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 East Dennis Tax Rate
0.47%
Average Barnstable County Tax Rate
0.70%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Dennis, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02641 | 0.47% | 0.47% | 0.47% | 0.47% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across East Dennis, Massachusetts
In East Dennis, Massachusetts, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 Barnstable County 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 East Dennis, 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 instance, the median home price in East Dennis is $1,331,800, with tax bills ranging from $4,813 at the 25th percentile to $11,064 at the 90th percentile. The zip code with the highest and lowest median tax bill, both at $6,220, is 02641. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage their tax burden effectively.
Property Tax Assessment Values Across East Dennis, Massachusetts
Source: Ownwell
$390,350
$1,067,975
$1,745,600
Average East Dennis Assessed Value
$1,331,800
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 East Dennis, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02641 | $913,100 | $1,030,650 | $1,331,800 | $1,635,275 | $2,369,070 |
Source: Ownwell
Property Tax Bills Across East Dennis, Massachusetts
In East Dennis, Barnstable County, property tax bills are calculated based on the assessed value of a home. The local tax authorities determine this value by evaluating various factors, including the property's market value, size, location, and any improvements made. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in East Dennis, the median home price is $1,331,800. Property tax bills can vary significantly, with the 25th percentile at $4,813 and the 75th percentile at $7,636. Those in the 90th percentile can expect to pay around $11,064. These figures are significantly higher than the national median property tax rate of 0.99%, reflecting the relatively high property values and tax rates in the area. Higher property tax bills can impact homeowners by increasing their annual housing costs, potentially affecting affordability and long-term financial planning. Understanding how these taxes are calculated is crucial for budgeting and making informed decisions about property ownership.
Average East Dennis Tax Bill
$6,220
Average Barnstable County Tax Bill
$4,094
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across East Dennis, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02641 | $4,264 | $4,813 | $6,220 | $7,636 | $11,064 |
Source: Ownwell