Dover, Massachusetts Property Taxes
The median property tax rate in Dover, MA is 1.10%, notably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Dover at $1,339,900, the typical annual property tax bill reaches $14,686, far exceeding the national median of $2,690. Property taxes in Dover are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence exemption. Understanding Dover'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 Dover or another part of Norfolk County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dover, 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 Dover Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dover with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dover 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 Dover, Massachusetts
Property taxes in Dover, Massachusetts, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dover is 1.10%, which is higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Dover set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dover 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 Dover's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 02030 zip code has the highest median property tax rate of 1.10%, while the same zip code also has the lowest median tax rate of 1.10%. Understanding how these areas compare with Dover 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 Dover Tax Rate
1.10%
Average Norfolk County Tax Rate
1.18%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dover, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02030 | 1.10% | 1.10% | 1.10% | 1.10% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Dover, Massachusetts
In Dover, 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 Dover, 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. For instance, the highest median tax bill in Dover is $14,686 in the 02030 zip code, which is also the lowest median 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 Dover helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Dover, Massachusetts
Source: Ownwell
$363,800
$1,318,700
$2,273,600
Average Dover Assessed Value
$1,339,900
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 Dover, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02030 | $849,580 | $1,048,825 | $1,339,900 | $1,900,100 | $2,541,570 |
Source: Ownwell
Property Tax Bills Across Dover, Massachusetts
In Dover, Norfolk County, property tax bills are calculated based on the assessed value of a home, which reflects its market value. The median home price in Dover is $1,339,900, and this valuation plays a significant role in determining the tax bill. The town's property tax rate is applied to this assessed value to calculate the annual tax bill. For example, homeowners in the 25th percentile can expect a tax bill of approximately $11,495, while those in the 75th percentile face a tax bill around $20,825. High-value properties, such as those in the 90th percentile, may see tax bills reaching $27,855. These property taxes fund local services such as schools, public safety, and infrastructure, directly affecting the quality of life in Dover. Homeowners should be aware that their tax bills are influenced by changes in property values and the local tax rate, which can fluctuate based on municipal budget needs and economic conditions.
Average Dover Tax Bill
$14,686
Average Norfolk County Tax Bill
$7,156
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Dover, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02030 | $9,316 | $11,495 | $14,686 | $20,825 | $27,855 |
Source: Ownwell