Mashpee, Massachusetts Property Taxes
The median property tax rate in Mashpee, MA is 0.70%, considerably lower than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Mashpee at $526,400, the typical annual property tax bill reaches $3,690, surpassing the national median of $2,690. Property taxes in Mashpee 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 Mashpee'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 Mashpee 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
Mashpee, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$3,685
Ownwell’s Mashpee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mashpee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mashpee 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 Mashpee, Massachusetts
Property taxes in Mashpee, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mashpee is 0.70%, lower than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Mashpee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mashpee 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 Mashpee's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 02649 zip code has the highest median property tax rate of 0.70%, while the same zip code also holds the lowest median tax rate of 0.70%. Understanding how these cities compare with Mashpee provides valuable insights into the varying tax landscape across Barnstable, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mashpee Tax Rate
0.70%
Average Barnstable County Tax Rate
0.70%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mashpee, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02649 | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Mashpee, Massachusetts
In Mashpee, 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 Mashpee, 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. For instance, the median home price in Mashpee is $526,400, with tax bills ranging from $2,887 at the 25th percentile to $8,596 at the 90th percentile. Notably, the highest and lowest median tax bills are both $3,690 in the 02649 zip code. 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 Mashpee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Mashpee, Massachusetts
Source: Ownwell
$390,350
$1,067,975
$1,745,600
Average Mashpee Assessed Value
$526,400
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 Mashpee, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02649 | $335,440 | $411,800 | $526,400 | $748,450 | $1,225,960 |
Source: Ownwell
Property Tax Bills Across Mashpee, Massachusetts
In Mashpee, located in Barnstable 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 local assessor's office and reflects the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual tax bill. For instance, with a median home price of $526,400, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill is around $2,887, while the 75th percentile tax bill reaches $5,248. At the 90th percentile, the tax bill can soar to $8,596. These figures highlight the range of property tax obligations homeowners might face, depending on their property's assessed value and the specific tax rate applied. Compared to the national median property tax rate of 0.99%, Mashpee's property tax landscape can present a substantial financial consideration for homeowners. This variation underscores the importance of understanding local property tax calculations and their impact on overall homeownership costs.
Average Mashpee Tax Bill
$3,690
Average Barnstable County Tax Bill
$4,094
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Mashpee, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02649 | $2,352 | $2,887 | $3,690 | $5,248 | $8,596 |
Source: Ownwell