Hanson, Massachusetts Property Taxes
The median property tax rate in Hanson, MA is 1.34%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Hanson at $477,900, the typical annual property tax bill reaches $6,400, exceeding the national median of $2,690. Property taxes in Hanson 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 Hanson'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 Hanson 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
Hanson, 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 Hanson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hanson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hanson 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 Hanson, Massachusetts
Property taxes in Hanson, Massachusetts, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Hanson is 1.34%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Hanson set these rates annually, and they can vary across different neighborhoods. Each year, Hanson 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 Hanson's effective property tax rate to other areas in Massachusetts and the national median. For comparison, the zip code 02341 has the highest median property tax rate of 1.34%, while the same zip code also has the lowest median tax rate of 1.34%. Understanding how these cities compare with Hanson provides valuable insights into the varying tax landscape across Plymouth County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hanson Tax Rate
1.34%
Average Plymouth County Tax Rate
1.30%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hanson, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02341 | 1.34% | 1.34% | 1.34% | 1.34% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Hanson, Massachusetts
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hanson, MA. 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 Plymouth 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 Hanson, 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. Hanson has a median home price of $477,900, with property tax bills ranging from $5,363 at the 25th percentile to $9,007 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Hanson, Massachusetts
Source: Ownwell
$292,450
$663,075
$1,033,700
Average Hanson Assessed Value
$477,900
Average Plymouth County Assessed Value
$476,400
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hanson, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02341 | $343,400 | $400,600 | $477,900 | $573,300 | $672,320 |
Source: Ownwell
Property Tax Bills Across Hanson, Massachusetts
In Hanson, located in Plymouth 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 town's assessor, who evaluates the property's market value. This assessment takes into account factors such as the home's size, age, condition, and location. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For homeowners in Hanson, the median home price is $477,900. Property tax bills in this area vary significantly, with the 25th percentile tax bill at $5,363 and the 75th percentile at $7,672. The 90th percentile tax bill can reach up to $9,007. This range reflects differences in property values and specific home characteristics. Compared to the national median property tax rate of 0.99%, Hanson homeowners experience a higher tax burden, which can impact their overall cost of living and financial planning.
Average Hanson Tax Bill
$6,400
Average Plymouth County Tax Bill
$6,149
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Hanson, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02341 | $4,595 | $5,363 | $6,400 | $7,672 | $9,007 |
Source: Ownwell