Marshfield Hills, Massachusetts Property Taxes
The median property tax rate in Marshfield Hills, MA is 1.04%, which is higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Marshfield Hills at $445,000, the typical annual property tax bill reaches $4,624, significantly exceeding the national median of $2,690. Property taxes in Marshfield Hills 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 Marshfield Hills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Marshfield Hills 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
Marshfield Hills, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$4,628
Ownwell’s Marshfield Hills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marshfield Hills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marshfield Hills 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 Marshfield Hills, Massachusetts
Property taxes in Marshfield Hills, Massachusetts, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marshfield Hills is 1.04%, higher than the U.S. national median of 0.99%. Local government entities within Marshfield Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marshfield Hills 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 Marshfield Hills' effective property tax rate to other areas and the national median. For comparison, zip code 02051 has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these areas compare with Marshfield Hills 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 Marshfield Hills Tax Rate
1.04%
Average Plymouth County Tax Rate
1.30%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marshfield Hills, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02051 | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Marshfield Hills, Massachusetts
In Marshfield Hills, 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 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 Marshfield Hills, 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 Marshfield Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $4,624, found in the 02051 zip code.
Property Tax Assessment Values Across Marshfield Hills, Massachusetts
Source: Ownwell
$292,450
$663,075
$1,033,700
Average Marshfield Hills Assessed Value
$445,000
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 Marshfield Hills, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02051 | $405,980 | $429,100 | $445,000 | $657,500 | $668,680 |
Source: Ownwell
Property Tax Bills Across Marshfield Hills, Massachusetts
In Marshfield Hills, located in Plymouth County, MA, property tax bills are calculated based on the assessed value of a home. The local assessor determines this value by evaluating the market conditions, property characteristics, and recent sales data. Once the assessed value is established, the tax rate, often referred to as the mill rate, is applied to this value to calculate the annual tax bill. Homeowners in Marshfield Hills typically see tax bills that vary widely. For instance, the 25th percentile tax bill stands at $4,458, while those in the 75th percentile pay around $6,831. High-end properties can see tax bills as much as $6,947. These figures are notably higher than the national median property tax rate of 0.99%, reflecting the relatively high property values in the area. For homeowners, this means a significant portion of their annual budget is allocated to property taxes, impacting their overall financial planning and housing affordability. The highest and lowest median tax bills in Marshfield Hills are both recorded at $4,624, illustrating a relatively narrow range in median tax obligations within the area.
Average Marshfield Hills Tax Bill
$4,624
Average Plymouth County Tax Bill
$6,149
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Marshfield Hills, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02051 | $4,218 | $4,458 | $4,624 | $6,831 | $6,947 |
Source: Ownwell