Jamaica Plain, Massachusetts Property Taxes
The median property tax rate in Jamaica Plain, MA is 0.59%, considerably lower than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Jamaica Plain at $1,370,400, the typical annual property tax bill reaches $8,031, far exceeding the national median of $2,690. Property taxes in Jamaica Plain 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 Jamaica Plain'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 Jamaica Plain 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
Jamaica Plain, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$8,085
Ownwell’s Jamaica Plain Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jamaica Plain with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jamaica Plain 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 Jamaica Plain, Massachusetts
Property taxes in Jamaica Plain, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jamaica Plain is 1.03%, higher than both the Massachusetts state median of 1.23% and the U.S. national median of 0.99%. Local government entities within Jamaica Plain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jamaica Plain 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 Jamaica Plain's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 02130 zip code has the highest median property tax rate of 1.03%, while the same 02130 zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Jamaica Plain provides valuable insights into the varying tax landscape across Middlesex County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jamaica Plain Tax Rate
0.59%
Average Middlesex County Tax Rate
1.22%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jamaica Plain, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02130 | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Jamaica Plain, Massachusetts
In Jamaica Plain, 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 Middlesex 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 Jamaica Plain, 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 Jamaica Plain helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 02130 has both the highest and lowest median tax bills, each amounting to $8,031, reflecting the uniformity in tax assessments within the area.
Property Tax Assessment Values Across Jamaica Plain, Massachusetts
Source: Ownwell
$105,700
$984,600
$1,863,500
Average Jamaica Plain Assessed Value
$1,370,400
Average Middlesex County Assessed Value
$633,600
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jamaica Plain, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02130 | $1,370,400 | $1,370,400 | $1,370,400 | $1,370,400 | $1,370,400 |
Source: Ownwell
Property Tax Bills Across Jamaica Plain, Massachusetts
In Jamaica Plain, Middlesex 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 estimated market value of the property. This value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $1,370,400, homeowners in Jamaica Plain can expect a median property tax bill of $8,031. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. Compared to the national median property tax rate of 0.99%, Jamaica Plain’s tax rate results in a higher median tax bill, reflecting the higher property values in the area. This can significantly impact homeowners' finances, making it crucial for them to understand their property’s assessed value and any available exemptions or appeal options to potentially lower their tax burden.
Average Jamaica Plain Tax Bill
$8,031
Average Middlesex County Tax Bill
$7,427
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Jamaica Plain, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02130 | $8,031 | $8,031 | $8,031 | $8,031 | $8,031 |
Source: Ownwell