Westport Point, Massachusetts Property Taxes
The median property tax rate in Westport Point, MA is 0.82%, which is lower than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Westport Point at $842,300, the typical annual property tax bill reaches $6,873, significantly exceeding the national median of $2,690. Property taxes in Westport Point 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 Westport Point'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 Westport Point 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
Westport Point, 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 Westport Point Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Westport Point with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westport Point 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 Westport Point, Massachusetts
Property taxes in Westport Point, Massachusetts, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westport Point is 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within Westport Point set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westport Point 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 Westport Point's effective property tax rate to other areas in Bristol County and the national median. For comparison, the zip code 02791 has the highest median property tax rate of 0.82%, while the same zip code also has the lowest median tax rate of 0.82%. Understanding how these areas compare with Westport Point 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 Westport Point Tax Rate
0.82%
Average Bristol County Tax Rate
1.27%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westport Point, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02791 | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Westport Point, Massachusetts
In Westport Point, 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 Westport Point, 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. The median home price in Westport Point is $842,300, with tax bills ranging from $5,376 at the 25th percentile to $11,600 at the 90th percentile. The zip code 02791 has both the highest and lowest median tax bill at $6,873. 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 Westport Point, Massachusetts
Source: Ownwell
$270,400
$556,350
$842,300
Average Westport Point Assessed Value
$842,300
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 Westport Point, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02791 | $535,880 | $658,750 | $842,300 | $1,174,350 | $1,421,540 |
Source: Ownwell
Property Tax Bills Across Westport Point, Massachusetts
In Westport Point, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Bristol County. The assessed value is determined by the local assessor's office, which considers factors such as the property's market value, location, and physical condition. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Westport Point, the financial impact can vary significantly. The median home price in the area is $842,300, leading to substantial property tax bills. At the 25th percentile, homeowners can expect to pay around $5,376 annually, while those at the 75th percentile may face bills as high as $9,582. The top 10% of property tax bills can reach up to $11,600. Compared to the national median property tax rate of 0.99%, Westport Point's property taxes can be quite burdensome, affecting household budgets and the overall cost of homeownership.
Average Westport Point Tax Bill
$6,873
Average Bristol County Tax Bill
$4,707
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Westport Point, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02791 | $4,373 | $5,376 | $6,873 | $9,582 | $11,600 |
Source: Ownwell