Bourne, Massachusetts Property Taxes
The median property tax rate in Bourne, MA is 0.88%, which is notably lower than both the national median of 0.99% and the Massachusetts state median of 1.23%. With a median home value of $415,500 in Bourne, the typical annual property tax bill amounts to $3,673, surpassing the national median of $2,690. Property taxes in Bourne are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Bourne'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 Bourne 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
Bourne, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$3,656
Ownwell’s Bourne Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bourne with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bourne 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 Bourne, Massachusetts
Property taxes in Bourne, Massachusetts, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bourne is 0.88%, lower than the U.S. national median of 0.99%. Local government entities within Bourne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bourne 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 Bourne's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 02532 zip code has the highest median property tax rate of 0.88%, while the 02532 zip code also has the lowest median tax rate of 0.88%. Understanding how these cities compare with Bourne provides valuable insights into the varying tax landscape across Barnstable County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bourne Tax Rate
0.88%
Average Barnstable County Tax Rate
0.70%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bourne, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02532 | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Bourne, Massachusetts
In Bourne, 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 Barnstable 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 Bourne, 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 Bourne is $415,500, with tax bills ranging from $2,886 at the 25th percentile to $10,572 at the 90th percentile. The highest and lowest median tax bills are both $3,673 in zip code 02532. 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 Bourne helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Bourne, Massachusetts
Source: Ownwell
$390,350
$1,067,975
$1,745,600
Average Bourne Assessed Value
$415,500
Average Barnstable County Assessed Value
$556,400
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bourne, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02532 | $181,920 | $323,800 | $415,500 | $585,950 | $1,171,210 |
Source: Ownwell
Property Tax Bills Across Bourne, Massachusetts
In Bourne, located in Barnstable County, MA, property tax bills are determined through a combination of the property's assessed value and the local tax rate. The assessed value is an estimation of the property's worth, often based on recent sales of similar properties in the area. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Several factors influence the assessed value, including the property's size, age, location, and any improvements or renovations made. For homeowners in Bourne, the property tax bill can vary significantly. For instance, the 25th percentile tax bill is around $2,886, while the 75th percentile tax bill reaches approximately $5,198. At the higher end, the 90th percentile tax bill can soar to $10,572. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Homeowners in Bourne should be aware of these assessments and how they impact their annual expenses, especially when compared to the national median property tax rate of 0.99%.
Average Bourne Tax Bill
$3,673
Average Barnstable County Tax Bill
$4,094
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Bourne, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02532 | $2,264 | $2,886 | $3,673 | $5,198 | $10,572 |
Source: Ownwell