South Carver, Massachusetts Property Taxes
The median property tax rate in South Carver, MA, is 1.46%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in South Carver at $360,900, the typical annual property tax bill reaches $5,266, exceeding the national median of $2,690. Property taxes in South Carver 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 South Carver'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 South Carver 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
South Carver, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.46%
Estimate Property Tax Bill
$5,269
Ownwell’s South Carver Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Carver with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Carver 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 South Carver, Massachusetts
Property taxes in South Carver, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Carver is 1.46%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within South Carver set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Carver 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 South Carver's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 02366 zip code has the highest median property tax rate of 1.46%, while the same zip code also has the lowest median tax rate of 1.46%. Understanding how these cities compare with South Carver 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 South Carver Tax Rate
1.46%
Average Plymouth County Tax Rate
1.30%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Carver, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02366 | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across South Carver, Massachusetts
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in South Carver, Massachusetts. 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 South Carver, 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 South Carver helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in South Carver is $360,900, with the highest and lowest median tax bills both at $5,266 in the 02366 zip code.
Property Tax Assessment Values Across South Carver, Massachusetts
Source: Ownwell
$292,450
$663,075
$1,033,700
Average South Carver Assessed Value
$360,900
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 South Carver, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02366 | $360,900 | $360,900 | $360,900 | $360,900 | $360,900 |
Source: Ownwell
Property Tax Bills Across South Carver, Massachusetts
In South Carver, located in Plymouth County, MA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in this area is $360,900, and property tax rates are applied to this assessed value to derive the annual tax bill. Factors such as the property's location, size, and condition can influence the assessed value, which is then multiplied by the local tax rate to determine the final tax amount. For South Carver homeowners, the tax bill can significantly impact their annual expenses. The median property tax bill in this area is $5,266, which is notably higher than the national median property tax rate of 0.99%. This higher tax bill reflects the region's valuation practices and the local government's revenue needs. Homeowners should be aware of these factors, as they directly affect their financial planning and overall cost of homeownership. Understanding how these elements interplay can help residents better navigate their property tax obligations.
Average South Carver Tax Bill
$5,266
Average Plymouth County Tax Bill
$6,149
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across South Carver, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02366 | $5,266 | $5,266 | $5,266 | $5,266 | $5,266 |
Source: Ownwell