Forestdale, Massachusetts Property Taxes
The median property tax rate in Forestdale, MA is 1.15%, 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 Forestdale at $455,000, the typical annual property tax bill reaches $5,201, significantly exceeding the national median of $2,690. Property taxes in Forestdale are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence exemption. Understanding Forestdale'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 Forestdale 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
Forestdale, 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 Forestdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Forestdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Forestdale 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 Forestdale, Massachusetts
Property taxes in Forestdale, Massachusetts, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Forestdale is 1.15%, which is higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Forestdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Forestdale 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 Forestdale's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 02644 zip code has the highest median property tax rate of 1.15%, while the same zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Forestdale provides valuable insights into the varying tax landscape across Barnstable County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Forestdale Tax Rate
1.15%
Average Barnstable County Tax Rate
0.70%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Forestdale, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02644 | 1.15% | 1.15% | 1.15% | 1.15% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Forestdale, Massachusetts
In Forestdale, 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 Barnstable 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 Forestdale, 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 Forestdale is $455,000, with annual tax bills ranging from $4,358 at the 25th percentile to $7,460 at the 90th percentile. The zip code 02644 has both the highest and lowest median tax bill, which stands at $5,201. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Forestdale, Massachusetts
Source: Ownwell
$390,350
$1,067,975
$1,745,600
Average Forestdale Assessed Value
$455,000
Average Barnstable County Assessed Value
$556,400
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Forestdale, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02644 | $327,000 | $380,650 | $455,000 | $551,050 | $649,800 |
Source: Ownwell
Property Tax Bills Across Forestdale, Massachusetts
In Forestdale, Barnstable County, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local assessor's office and is meant to reflect the property's market value. Homeowners in Forestdale see tax bills influenced by several factors, including property characteristics, location, and any applicable exemptions or abatements. The median home price in Forestdale is $455,000, which significantly impacts the tax bills. For instance, homeowners at the 25th percentile pay around $4,358, while those at the 75th percentile face tax bills of approximately $6,272. At the 90th percentile, tax bills can reach up to $7,460. The highest and lowest median tax bills in the area are both $5,201, indicating a consistent rate across various neighborhoods. Compared to the national median property tax rate of 0.99%, Forestdale's property tax rates can result in higher-than-average tax bills, affecting homeowners' annual financial planning and overall cost of living.
Average Forestdale Tax Bill
$5,201
Average Barnstable County Tax Bill
$4,094
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Forestdale, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02644 | $3,709 | $4,358 | $5,201 | $6,272 | $7,460 |
Source: Ownwell