Quincy, Massachusetts Property Taxes
The median property tax rate in Quincy, MA is 1.13%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Quincy, the typical annual property tax bill reaches $6,794, exceeding the national median of $2,690. Property taxes in Quincy 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 Quincy'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 Quincy 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
Quincy, 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 Quincy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Quincy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Quincy 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 Quincy, Massachusetts
Property taxes in Quincy, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Quincy is 1.13%, higher than the U.S. national median of 0.99%. Local government entities within Quincy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Quincy 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 Quincy's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 02171 zip code has the highest median property tax rate of 1.13%, while the 02170 zip code has the lowest median tax rate of 1.13%. Understanding how these areas compare with Quincy 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 Quincy Tax Rate
1.13%
Average Norfolk County Tax Rate
1.18%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Quincy, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02169 | 1.13% | 1.13% | 1.13% | 1.13% | 1.13% |
| 02170 | 1.13% | 1.13% | 1.13% | 1.13% | 1.13% |
| 02171 | 1.13% | 1.13% | 1.13% | 1.13% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Quincy, Massachusetts
In Quincy, 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 Assessor 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 Quincy, 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 Quincy is $602,800, with tax bills varying significantly. For instance, the highest median tax bill is $7,409 in zip code 02170, while the lowest is $6,287 in zip code 02169. 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 Quincy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Quincy, Massachusetts
Source: Ownwell
$363,800
$1,318,700
$2,273,600
Average Quincy Assessed Value
$602,800
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 Quincy, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02169 | $341,400 | $440,400 | $557,900 | $682,500 | $828,770 |
| 02170 | $449,500 | $589,100 | $657,400 | $778,800 | $923,400 |
| 02171 | $340,100 | $496,700 | $629,900 | $779,100 | $948,680 |
Source: Ownwell
Property Tax Bills Across Quincy, Massachusetts
In Quincy, located in Norfolk 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 city's assessor, who evaluates the property's market value. Homeowners in Quincy face a median property tax rate that is reflective of the city's fiscal needs and public service funding requirements. For example, the median home price in Quincy is $602,800, and property tax bills can vary significantly. At the 25th percentile, the tax bill is around $5,365, while at the 75th percentile, it rises to approximately $8,190. The 90th percentile sees tax bills reaching up to $9,980. The highest median tax bill in Quincy is $7,409 in the 02170 zip code, whereas the lowest is $6,287 in the 02169 zip code. These property tax bills directly impact homeowners by influencing their annual expenses and overall financial planning. With the national median property tax rate at 0.99%, Quincy's tax rates demonstrate the city's commitment to maintaining its public services and infrastructure.
Average Quincy Tax Bill
$6,794
Average Norfolk County Tax Bill
$7,156
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Quincy, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02169 | $3,848 | $4,963 | $6,287 | $7,692 | $9,342 |
| 02170 | $5,066 | $6,640 | $7,409 | $8,777 | $10,407 |
| 02171 | $3,833 | $5,598 | $7,099 | $8,780 | $10,692 |
Source: Ownwell