Raynham, Massachusetts Property Taxes
The median property tax rate in Raynham, MA is 1.24%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Raynham at $505,200, the typical annual property tax bill reaches $6,274, significantly exceeding the national median of $2,690. Property taxes in Raynham 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 Raynham'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 Raynham 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
Raynham, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$6,264
Ownwell’s Raynham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Raynham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Raynham 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 Raynham, Massachusetts
Property taxes in Raynham, Massachusetts, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Raynham is 1.24%, notably higher than the U.S. national median of 0.99%. Local government entities within Raynham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Raynham 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 Raynham's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 02767 zip code has the highest median property tax rate of 1.24%, while the 02767 zip code also has the lowest median tax rate of 1.24%. Understanding how these cities compare with Raynham 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 Raynham Tax Rate
1.24%
Average Bristol County Tax Rate
1.27%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Raynham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02767 | 1.24% | 1.24% | 1.24% | 1.24% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Raynham, Massachusetts
In Raynham, 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 Raynham, 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 Raynham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Raynham is $6,274, both found in zip code 02767.
Average Raynham Assessed Value
$505,200
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 Raynham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02767 | $375,600 | $433,300 | $505,200 | $629,500 | $752,000 |
Source: Ownwell
Property Tax Bills Across Raynham, Massachusetts
Property tax bills in Raynham, located in Bristol County, MA, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is based on the market value of the home, which in Raynham has a median price of $505,200. Homeowners in Raynham typically face property tax bills ranging from $5,380 at the 25th percentile to $7,820 at the 75th percentile. For those at the 90th percentile, tax bills can reach up to $9,337. These amounts are significantly higher than the national median property tax rate of 0.99%, reflecting the higher property values in the area. The highest and lowest median tax bills in Raynham are both recorded at $6,274 in the 02767 zip code, indicating a consistent tax burden across different properties. These property tax bills significantly impact homeowners, influencing their overall housing costs and potentially affecting their financial planning and homeownership decisions.
Average Raynham Tax Bill
$6,274
Average Bristol County Tax Bill
$4,707
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Raynham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02767 | $4,662 | $5,380 | $6,274 | $7,820 | $9,337 |
Source: Ownwell