South Dennis, Massachusetts Property Taxes
The median property tax rate in South 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 South Dennis at $511,650, the typical annual property tax bill reaches $2,390, which is below the national median of $2,690. Property taxes in South 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 South 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 South 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
South Dennis, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$2,405
Ownwell’s South Dennis Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in South Dennis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across South Dennis, Massachusetts
Property taxes in South Dennis, Massachusetts, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Dennis is 0.47%, which is lower than the U.S. national median of 0.99%. Local government entities within South Dennis set these rates annually, and they can vary significantly across different neighborhoods. Each year, South 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 South Dennis's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the zip code 02660 has the median property tax rate of 0.47%. Understanding how these cities compare with South 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 South 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 South Dennis, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02660 | 0.47% | 0.47% | 0.47% | 0.47% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across South Dennis, Massachusetts
In South Dennis, 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 South 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. 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 South Dennis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 02660 has both the highest and lowest median tax bill at $2,390.
Property Tax Assessment Values Across South Dennis, Massachusetts
Source: Ownwell
$390,350
$1,067,975
$1,745,600
Average South Dennis Assessed Value
$511,650
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 South Dennis, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02660 | $347,000 | $416,100 | $511,650 | $681,075 | $929,070 |
Source: Ownwell
Property Tax Bills Across South Dennis, Massachusetts
In South Dennis, property tax bills are calculated based on the assessed value of the property and the local tax rate set by Barnstable County. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in South Dennis can expect their property tax bills to vary significantly depending on the value of their homes. For instance, the tax bill for properties in the 25th percentile is around $1,943, while those in the 75th percentile see bills closer to $3,180. The highest tax bills, at the 90th percentile, can reach up to $4,339. Compared to the national median property tax rate of 0.99%, South Dennis homeowners experience a relatively high tax burden. With the median home price in the area being $511,650, property taxes can substantially impact household budgets. Factors such as property improvements, neighborhood developments, and changes in the local tax rate can also affect the final tax bill. Understanding these elements helps homeowners better anticipate their annual property tax obligations.
Average South Dennis Tax Bill
$2,390
Average Barnstable County Tax Bill
$4,094
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across South Dennis, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02660 | $1,620 | $1,943 | $2,390 | $3,180 | $4,339 |
Source: Ownwell