Pocasset, Massachusetts Property Taxes
The median property tax rate in Pocasset, MA is 0.88%, which is lower than both the national median of 0.99% and the Massachusetts state median of 1.23%. With a median home value of $514,800 in Pocasset, the typical annual property tax bill amounts to $4,535, surpassing the national median of $2,690. Property taxes in Pocasset are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence exemption. Understanding Pocasset'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 Pocasset or another part of Barnstable County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pocasset, 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 Pocasset Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pocasset with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pocasset 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 Pocasset, Massachusetts
Property taxes in Pocasset, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pocasset is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Pocasset set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pocasset 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 Pocasset's effective property tax rate to other areas in Barnstable County and the national median. For comparison, the zip code 02559 has the highest median property tax rate of 0.88%, while the same zip code also holds the lowest median tax rate of 0.88%. Understanding how these areas compare with Pocasset 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 Pocasset Tax Rate
0.88%
Average Barnstable County Tax Rate
0.70%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pocasset, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02559 | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Pocasset, Massachusetts
In Pocasset, 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 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 Pocasset, 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Pocasset's median home price is $514,800, with tax bills ranging from $3,661 at the 25th percentile to $8,859 at the 90th percentile. The highest and lowest median tax bills are both $4,535 in the 02559 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Pocasset, Massachusetts
Source: Ownwell
$390,350
$1,067,975
$1,745,600
Average Pocasset Assessed Value
$514,800
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 Pocasset, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02559 | $353,500 | $415,500 | $514,800 | $707,200 | $1,005,600 |
Source: Ownwell
Property Tax Bills Across Pocasset, Massachusetts
In Pocasset, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Barnstable County. The assessed value is determined by the county's appraisal office, which evaluates various factors such as the property's size, location, and condition. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For homeowners in Pocasset, the tax bill can vary significantly. For instance, the 25th percentile tax bill is around $3,661, while the 75th percentile reaches approximately $6,230. The 90th percentile can go as high as $8,859. This variation highlights how different property values and assessments impact the tax amount owed. Compared to the national median property tax rate of 0.99%, Pocasset's property taxes can be relatively high, reflecting the area's higher median home price of $514,800. Homeowners should be aware of these factors as they can significantly influence their annual financial planning and overall cost of homeownership.
Average Pocasset Tax Bill
$4,535
Average Barnstable County Tax Bill
$4,094
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Pocasset, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02559 | $3,114 | $3,661 | $4,535 | $6,230 | $8,859 |
Source: Ownwell