Pembroke, Massachusetts Property Taxes
The median property tax rate in Pembroke, MA is 1.20%, which is considerably higher than the national median of 0.99% but slightly lower than the Massachusetts state median of 1.23%. With the median home value in Pembroke at $535,200, the typical annual property tax bill reaches $6,438, far exceeding the national median of $2,690. Property taxes in Pembroke are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Pembroke'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 Pembroke 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
Pembroke, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$6,422
Ownwell’s Pembroke Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pembroke with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pembroke 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 Pembroke, Massachusetts
Property taxes in Pembroke, Massachusetts, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pembroke is 1.20%, higher than the U.S. national median of 0.99%. Local government entities within Pembroke set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pembroke 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 Pembroke's effective property tax rate to other areas in Plymouth County and the national median. For comparison, the 02359 zip code has the highest median property tax rate of 1.20%, while the same zip code also has the lowest median tax rate of 1.20%. Understanding how these figures compare with Pembroke 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 Pembroke Tax Rate
1.20%
Average Plymouth County Tax Rate
1.30%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pembroke, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02359 | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Pembroke, Massachusetts
In Pembroke, 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 Pembroke, 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 example, the median home price in Pembroke is $535,200, with tax bills ranging from $5,453 at the 25th percentile to $9,964 at the 90th percentile. The highest and lowest median tax bills are both $6,438 in the 02359 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 Pembroke helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Pembroke, Massachusetts
Source: Ownwell
$292,450
$663,075
$1,033,700
Average Pembroke Assessed Value
$535,200
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 Pembroke, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02359 | $376,940 | $453,300 | $535,200 | $665,800 | $828,300 |
Source: Ownwell
Property Tax Bills Across Pembroke, Massachusetts
In Pembroke, property tax bills are calculated based on the assessed value of the home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $535,200, homeowners can expect varying tax bills depending on their property's assessed value and specific characteristics. Factors such as property size, location, and improvements can influence the assessed value. The 25th percentile tax bill in Pembroke is $5,453, while the 75th percentile reaches $8,010, and the 90th percentile peaks at $9,964. The highest and lowest median tax bills in the area both stand at $6,438, highlighting a relatively consistent tax landscape within the local zip code 02359. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and public safety. Compared to the national median property tax rate of 0.99%, Pembroke's effective tax rates may vary, affecting overall affordability and long-term financial planning for residents.
Average Pembroke Tax Bill
$6,438
Average Plymouth County Tax Bill
$6,149
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Pembroke, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02359 | $4,537 | $5,453 | $6,438 | $8,010 | $9,964 |
Source: Ownwell