Halifax, Massachusetts Property Taxes
The median property tax rate in Halifax, MA is 1.49%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Halifax, the typical annual property tax bill reaches $6,262, exceeding the national median of $2,690. Property taxes in Halifax 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 Halifax'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 Halifax 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
Halifax, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.49%
Estimate Property Tax Bill
$6,248
Ownwell’s Halifax Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Halifax with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Halifax to provide an estimate of your property tax bill. This valuable tool helps you anticipate potential tax liabilities. For those interested in trends at the neighborhood level, more localized information is available below. Your property’s assessed value is determined by the county for property tax calculations and incorporates any applicable exemptions.
Property Tax Rates Across Halifax, Massachusetts
Property taxes in Halifax, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Halifax is 1.49%, higher than the U.S. national median of 0.99%. Local government entities within Halifax set these rates annually, and they can vary significantly across different neighborhoods. Each year, Halifax 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 Halifax's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 02338 zip code has the highest median property tax rate of 1.49%, while the same zip code also has the lowest median tax rate of 1.49%. Understanding how these cities compare with Halifax 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 Halifax Tax Rate
1.49%
Average Plymouth County Tax Rate
1.30%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Halifax, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02338 | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Halifax, Massachusetts
In Halifax, 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 Halifax, 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 Halifax helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Halifax is $6,262 in the 02338 zip code, while the lowest median tax bill is also $6,262 in the same zip code.
Property Tax Assessment Values Across Halifax, Massachusetts
Source: Ownwell
$292,450
$663,075
$1,033,700
Average Halifax Assessed Value
$419,350
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 Halifax, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02338 | $276,200 | $338,775 | $419,350 | $509,150 | $609,310 |
Source: Ownwell
Property Tax Bills Across Halifax, Massachusetts
Property tax bills in Halifax, Plymouth County, MA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor's office, which evaluates the property's market value and applies a percentage to calculate its taxable value. The tax rate, often expressed in dollars per $1,000 of assessed value, is then applied to this taxable value to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, condition, and recent sales of similar properties in the area. Homeowners in Halifax can expect a median tax bill of approximately $6,262, which is significantly higher than the national median property tax rate of 0.99%. For instance, tax bills range from about $5,070 at the 25th percentile to $9,118 at the 90th percentile, reflecting the variability in property values and tax burdens within the area. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life.
Average Halifax Tax Bill
$6,262
Average Plymouth County Tax Bill
$6,149
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Halifax, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02338 | $4,136 | $5,070 | $6,262 | $7,610 | $9,118 |
Source: Ownwell