Hull, Massachusetts Property Taxes
The median property tax rate in Hull, MA is 1.22%, slightly higher than the national median of 0.99% but just below the Massachusetts state median of 1.23%. With a median home value of $461,000, the typical annual property tax bill in Hull reaches $5,610, significantly exceeding the national median of $2,690. Property taxes in Hull are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hull'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 Hull or another part of Plymouth County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hull, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$5,624
Ownwell’s Hull Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hull with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hull 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 Hull, Massachusetts
Property taxes in Hull, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hull is 1.22%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Hull set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hull 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 Hull's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 02045 zip code has the highest median property tax rate of 1.22%, while the same zip code also has the lowest median tax rate of 1.22%. Understanding how these areas compare with Hull 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 Hull Tax Rate
1.22%
Average Plymouth County Tax Rate
1.30%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hull, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02045 | 1.22% | 1.22% | 1.22% | 1.22% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Hull, Massachusetts
In Hull, 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 Hull, 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. Hull has a median home price of $461,000, with tax bills ranging from $4,550 at the 25th percentile to $10,322 at the 90th percentile. The zip code 02045 has both the highest and lowest median tax bill, set at $5,610. Being aware of these valuation processes in Hull helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hull Assessed Value
$461,000
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 Hull, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02045 | $304,290 | $373,925 | $461,000 | $618,150 | $848,710 |
Source: Ownwell
Property Tax Bills Across Hull, Massachusetts
In Hull, located in Plymouth 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, which evaluates the property's market value and applies an assessment ratio. After determining the assessed value, the local tax rate is applied to calculate the annual tax bill. For example, with a median home price of $461,000, homeowners can expect varying tax bills. The 25th percentile tax bill is around $4,550, while the 75th percentile reaches $7,522, and the 90th percentile goes up to $10,322. These tax bills significantly impact homeowners, as they must budget for these annual expenses. Compared to the national median property tax rate of 0.99%, Hull's property tax rates can result in higher tax bills, reflecting the region's property values and local tax policies. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Hull Tax Bill
$5,610
Average Plymouth County Tax Bill
$6,149
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Hull, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02045 | $3,703 | $4,550 | $5,610 | $7,522 | $10,322 |
Source: Ownwell