Plympton, Massachusetts Property Taxes
The median property tax rate in Plympton, MA is 1.51%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Plympton at $460,000, the typical annual property tax bill reaches $6,923, exceeding the national median of $2,690. Property taxes in Plympton 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 Plympton'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 Plympton 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
Plympton, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$6,946
Ownwell’s Plympton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Plympton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plympton 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 Plympton, Massachusetts
Property taxes in Plympton, Massachusetts, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Plympton is 1.51%, significantly higher than both the Massachusetts state median of 1.23% and the U.S. national median of 0.99%. Local government entities within Plympton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plympton 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 Plympton's effective property tax rate to other areas in Massachusetts and the national median. For comparison, the zip code 02367 has the highest median property tax rate of 1.51%, while the same zip code also has the lowest median tax rate of 1.51%. Understanding how these cities compare with Plympton 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 Plympton Tax Rate
1.51%
Average Plymouth County Tax Rate
1.30%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Plympton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02367 | 1.50% | 1.50% | 1.51% | 1.51% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Plympton, Massachusetts
In Plympton, 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 Plympton, 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 Plympton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Plympton, the median home price is $460,000. The highest median tax bill in the area is $6,923 in the 02367 zip code, which also records the lowest median tax bill at $6,923.
Property Tax Assessment Values Across Plympton, Massachusetts
Source: Ownwell
$292,450
$663,075
$1,033,700
Average Plympton Assessed Value
$460,000
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 Plympton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02367 | $336,650 | $381,075 | $460,000 | $553,050 | $632,680 |
Source: Ownwell
Property Tax Bills Across Plympton, Massachusetts
In Plympton, 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 and reflects the market value of the property. The tax rate is applied per $1,000 of assessed value to calculate the total tax bill. For example, with a median home price of $460,000 in Plympton, homeowners may see varying tax bills. The 25th percentile tax bill is around $5,736, while the 75th percentile tax bill can reach up to $8,324. At the higher end, the 90th percentile tax bill is approximately $9,522. The highest and lowest median tax bills in the area are both $6,923, located in the 02367 zip code. These tax bills can significantly impact homeowners, influencing their overall housing costs and financial planning. Compared to the national median property tax rate of 0.99%, Plympton's tax rates are relatively high, reflecting the local government's funding needs and property values.
Average Plympton Tax Bill
$6,923
Average Plymouth County Tax Bill
$6,149
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Plympton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02367 | $5,067 | $5,736 | $6,923 | $8,324 | $9,522 |
Source: Ownwell