Middleboro, Massachusetts Property Taxes
The median property tax rate in Middleboro, MA is 1.42%, significantly higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Middleboro at $408,500, the typical annual property tax bill reaches $5,817, surpassing the national median of $2,690. Property taxes in Middleboro 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 Middleboro'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 Middleboro 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
Middleboro, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$5,801
Ownwell’s MIDDLEBORO Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MIDDLEBORO with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MIDDLEBORO 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 Middleboro, Massachusetts
Property taxes in Middleboro, Massachusetts, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Middleboro is 1.42%, significantly higher than the U.S. national median of 0.99%. Local government entities within Middleboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Middleboro 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. Understanding how Middleboro's effective property tax rate compares with other areas in Plymouth County and the national median provides valuable insights into the varying tax landscape across the region, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Middleboro Tax Rate
1.42%
Average Plymouth County Tax Rate
1.30%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Middleboro, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02346 | 1.42% | 1.42% | 1.42% | 1.42% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Middleboro, Massachusetts
In Middleboro, 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 local 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 Middleboro, 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 Middleboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Middleboro has a median home price of $408,500, with tax bills ranging from $4,920 at the 25th percentile to $8,066 at the 90th percentile. The zip code 02346 has both the highest and lowest median tax bill at $5,817.
Property Tax Assessment Values Across Middleboro, Massachusetts
Source: Ownwell
$292,450
$663,075
$1,033,700
Average Middleboro Assessed Value
$408,500
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 Middleboro, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02346 | $295,580 | $345,500 | $408,500 | $486,700 | $568,500 |
Source: Ownwell
Property Tax Bills Across Middleboro, Massachusetts
In Middleboro, 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 Plymouth County assessor's office and reflects the property's fair market value. Homeowners in Middleboro experience tax bills that can vary significantly. For instance, the 25th percentile of tax bills is around $4,920, while the 75th percentile is approximately $6,920, and the 90th percentile reaches up to $8,066. The median home price in Middleboro is $408,500, which influences the assessed value and, consequently, the tax bill. Compared to the national median property tax rate of 0.99%, Middleboro's tax bills indicate a higher local tax burden. This impacts homeowners by increasing their annual expenses, making it essential to understand how these taxes are calculated and explore potential exemptions or appeals. The highest and lowest median tax bills in the area both stand at $5,817, highlighting the range of tax liabilities homeowners might encounter.
Average Middleboro Tax Bill
$5,817
Average Plymouth County Tax Bill
$6,149
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Middleboro, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02346 | $4,218 | $4,920 | $5,817 | $6,920 | $8,066 |
Source: Ownwell