South Chatham, Massachusetts Property Taxes
The median property tax rate in South Chatham, MA is 0.36%, significantly lower than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in South Chatham at $787,900, the typical annual property tax bill reaches $2,813, slightly above the national median of $2,690. Property taxes in South Chatham 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 Chatham'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 Chatham or another part of Barnstable County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
South Chatham, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$2,836
Ownwell’s South Chatham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Chatham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Chatham 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 Chatham, Massachusetts
Property taxes in South Chatham, Massachusetts, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in South Chatham is 0.36%, which is lower than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within South Chatham set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Chatham 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 Chatham's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the highest median property tax rate in Massachusetts can be found in other areas, while some regions have significantly lower median tax rates. Understanding how these cities compare with South Chatham 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 South Chatham Tax Rate
0.36%
Average Barnstable County Tax Rate
0.70%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Chatham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02659 | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% |
Source: Ownwell
Property Tax Assessment Values Across South Chatham, Massachusetts
In South Chatham, 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 South Chatham, 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 Chatham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in South Chatham are both $2,813, found in the 02659 zip code.
Property Tax Assessment Values Across South Chatham, Massachusetts
Source: Ownwell
$390,350
$1,067,975
$1,745,600
Average South Chatham Assessed Value
$787,900
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 South Chatham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02659 | $513,940 | $619,050 | $787,900 | $1,073,200 | $1,500,620 |
Source: Ownwell
Property Tax Bills Across South Chatham, Massachusetts
In South Chatham, 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. Homeowners in South Chatham face a median property tax bill of $2,813, which aligns with the highest and lowest median tax bills in the area. Several factors influence the tax bill, including the property's location, size, and condition. The property tax rate in South Chatham is competitive compared to the national median property tax rate of 0.99%. For example, homes in the 25th percentile incur tax bills around $2,210, while those in the 75th percentile face bills up to $3,831. The top 10% of properties can see tax bills as high as $5,357. These property tax bills significantly impact homeowners by contributing to local services such as schools, public safety, and infrastructure, thereby affecting the overall quality of life in South Chatham.
Average South Chatham Tax Bill
$2,813
Average Barnstable County Tax Bill
$4,094
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across South Chatham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02659 | $1,835 | $2,210 | $2,813 | $3,831 | $5,357 |
Source: Ownwell