Attleboro Falls, Massachusetts Property Taxes
The median property tax rate in Attleboro Falls, MA is 1.28%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Attleboro Falls at $468,200, the typical annual property tax bill reaches $5,988, exceeding the national median of $2,690. Property taxes in Attleboro Falls 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 Attleboro Falls'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 Attleboro Falls 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
Attleboro Falls, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$5,993
Ownwell’s Attleboro Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Attleboro Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Attleboro Falls 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 Bristol County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Attleboro Falls, Massachusetts
Property taxes in Attleboro Falls, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Attleboro Falls is 1.28%, higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within the city set these rates annually, and they can vary significantly across different neighborhoods. Each year, Attleboro Falls 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 Attleboro Falls' effective property tax rate to other areas in Massachusetts and the national median. For comparison, the zip code 02763 has the highest median property tax rate of 1.28%, while it also represents the lowest median tax rate of 1.28%. Understanding how these areas compare with Attleboro Falls provides valuable insights into the varying tax landscape across Bristol County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Attleboro Falls Tax Rate
1.28%
Average Bristol County Tax Rate
1.27%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Attleboro Falls, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02763 | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Attleboro Falls, Massachusetts
In Attleboro Falls, 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 Bristol 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 Attleboro Falls, 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 Attleboro Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $468,200, with the highest and lowest median tax bills both being $5,988 in zip code 02763.
Property Tax Assessment Values Across Attleboro Falls, Massachusetts
Source: Ownwell
$270,400
$556,350
$842,300
Average Attleboro Falls Assessed Value
$468,200
Average Bristol County Assessed Value
$384,800
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Attleboro Falls, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02763 | $321,500 | $359,775 | $468,200 | $545,500 | $609,430 |
Source: Ownwell
Property Tax Bills Across Attleboro Falls, Massachusetts
In Attleboro Falls, Bristol County, MA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor's office and reflects the market value of the property. Homeowners in Attleboro Falls experience property tax rates that are influenced by multiple factors, including the property's location, size, and condition. For instance, the median home price in the area is $468,200. The property tax rate in Attleboro Falls is relatively high compared to the national median property tax rate of 0.99%. Homeowners can expect a tax bill ranging from $4,602 at the 25th percentile to $7,795 at the 90th percentile, with a median tax bill of $5,988. This means that property taxes can significantly impact household budgets, making it crucial for homeowners to understand how their tax bill is determined and explore potential exemptions or appeals to manage their expenses effectively.
Average Attleboro Falls Tax Bill
$5,988
Average Bristol County Tax Bill
$4,707
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Attleboro Falls, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02763 | $4,112 | $4,602 | $5,988 | $6,977 | $7,795 |
Source: Ownwell