Bellingham, Massachusetts Property Taxes
The median property tax rate in Bellingham, MA is 1.30%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Bellingham, the typical annual property tax bill reaches $4,748, exceeding the national median of $2,690. Property taxes in Bellingham 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 Bellingham'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 Bellingham 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
Bellingham, 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 Bellingham Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Bellingham with just two data inputs. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bellingham to estimate your property tax bill. This valuable tool provides a clear understanding of potential tax liabilities. For those interested in neighborhood-specific trends, more localized information is available further down the page. Your property’s assessed value is the value determined by Norfolk County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Bellingham, Massachusetts
Property taxes in Bellingham, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bellingham is 1.30%, which is higher than the U.S. national median of 0.99%. Local government entities within Bellingham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bellingham 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 Bellingham's effective property tax rate to other areas in Norfolk County and the national median. For comparison, the zip code 02019 has the highest median property tax rate of 1.30%, while the lowest median tax rate is also 1.30% in the same zip code. Understanding how these areas compare with Bellingham provides valuable insights into the varying tax landscape across Norfolk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bellingham Tax Rate
1.30%
Average Norfolk County Tax Rate
1.18%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bellingham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02019 | 1.30% | 1.30% | 1.30% | 1.31% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Bellingham, Massachusetts
In Bellingham, 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 Norfolk 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 Bellingham, 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 Bellingham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Bellingham is $4748, found in the 02019 zip code, while the lowest median tax bill is also $4748 in the same zip code.
Property Tax Assessment Values Across Bellingham, Massachusetts
Source: Ownwell
$363,800
$1,318,700
$2,273,600
Average Bellingham Assessed Value
$363,800
Average Norfolk County Assessed Value
$592,100
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bellingham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02019 | $283,860 | $318,000 | $363,800 | $433,600 | $540,280 |
Source: Ownwell
Property Tax Bills Across Bellingham, Massachusetts
In Bellingham, 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 city’s tax assessor, who evaluates various factors such as the property's market value, location, and condition. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. Homeowners in Bellingham experience varying tax bills, with the 25th percentile paying around $4,150 and the 75th percentile seeing bills up to $5,656. At the higher end, the 90th percentile of homeowners face tax bills as high as $7,041. Comparatively, Bellingham's property tax rate is higher than the national median of 0.99%. This can significantly impact homeowners, as higher property taxes contribute to the overall cost of owning a home. For residents in the zip code 02019, the median tax bill is notably $4,748, reflecting the area’s property values and tax rates within Norfolk County.
Average Bellingham Tax Bill
$4,748
Average Norfolk County Tax Bill
$7,156
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Bellingham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02019 | $3,705 | $4,150 | $4,748 | $5,656 | $7,041 |
Source: Ownwell