Rehoboth, Massachusetts Property Taxes
The median property tax rate in Rehoboth, MA is 1.16%, higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Rehoboth at $472,100, the typical annual property tax bill amounts to $5,467, significantly exceeding the national median of $2,690. Property taxes in Rehoboth are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rehoboth's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Rehoboth or another part of Bristol County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rehoboth, 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 Rehoboth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rehoboth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rehoboth 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 Rehoboth, Massachusetts
Property taxes in Rehoboth, Massachusetts, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rehoboth is 1.16%, higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Rehoboth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rehoboth 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 Rehoboth's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 02769 zip code has the highest median property tax rate of 1.16%, while the same zip code also has the lowest median tax rate of 1.16%. Understanding how these cities compare with Rehoboth 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 Rehoboth Tax Rate
1.16%
Average Bristol County Tax Rate
1.27%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rehoboth, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02769 | 1.16% | 1.16% | 1.16% | 1.16% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Rehoboth, Massachusetts
In Rehoboth, 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 Rehoboth, 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. Rehoboth's median home price is $472,100, and the median tax bills range from $4,463 at the 25th percentile to $8,725 at the 90th percentile. The zip code with the highest and lowest median tax bill is 02769, with a median bill of $5,467. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Rehoboth, Massachusetts
Source: Ownwell
$270,400
$556,350
$842,300
Average Rehoboth Assessed Value
$472,100
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 Rehoboth, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02769 | $331,060 | $385,400 | $472,100 | $600,300 | $753,440 |
Source: Ownwell
Property Tax Bills Across Rehoboth, Massachusetts
Property tax bills in Rehoboth, located in Bristol County, MA, are determined by assessing the market value of a property and applying the local tax rate. The assessed value is an estimate of the property's worth, which is then multiplied by the tax rate to calculate the annual tax bill. In Rehoboth, the median home price is $472,100, and property tax bills can vary significantly depending on the home's value. For instance, homeowners in the 25th percentile pay around $4,463 annually, while those in the 75th percentile face tax bills of approximately $6,951. At the higher end, the 90th percentile sees tax bills reaching up to $8,725. The highest and lowest median tax bills in the area are both $5,467, found in the zip code 02769. Compared to the national median property tax rate of 0.99%, Rehoboth's property tax rates can have a considerable impact on homeowners, influencing their overall cost of living and financial planning.
Average Rehoboth Tax Bill
$5,467
Average Bristol County Tax Bill
$4,707
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Rehoboth, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02769 | $3,834 | $4,463 | $5,467 | $6,951 | $8,725 |
Source: Ownwell