Dennis Port, Massachusetts Property Taxes
The median property tax rate in Dennis Port, MA is 0.47%, significantly lower than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Dennis Port at $425,200, the typical annual property tax bill reaches $1,987, which is well below the national median of $2,690. Property taxes in Dennis Port are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Dennis Port'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 Dennis Port or another part of Barnstable County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dennis Port, Massachusetts Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$2,460
Ownwell’s Dennis Port Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dennis Port with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dennis Port 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 Dennis Port, Massachusetts
Property taxes in Dennis Port, Massachusetts, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dennis Port is 0.47%, which is lower than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Dennis Port set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dennis Port 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 Dennis Port's effective property tax rate to other areas in Barnstable County and the national median. For comparison, the zip code 02639 has both the highest and lowest median property tax rate of 0.47%. Understanding how these figures compare with Dennis Port 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 Dennis Port Tax Rate
0.47%
Average Barnstable County Tax Rate
0.70%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dennis Port, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02639 | 0.47% | 0.47% | 0.47% | 0.47% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across Dennis Port, Massachusetts
In Dennis Port, 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. 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 Dennis Port helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Dennis Port's median home price is $425,200, with the highest and lowest median tax bills both being $1,987 in zip code 02639.
Property Tax Assessment Values Across Dennis Port, Massachusetts
Source: Ownwell
$390,350
$1,067,975
$1,745,600
Average Dennis Port Assessed Value
$425,200
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 Dennis Port, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02639 | $170,760 | $289,700 | $425,200 | $522,300 | $666,400 |
Source: Ownwell
Property Tax Bills Across Dennis Port, Massachusetts
In Dennis Port, located in Barnstable 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 town's assessor, who evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's size, age, location, and condition. Home improvements and market trends can also affect this value. For homeowners in Dennis Port, understanding these factors is crucial as they directly impact the amount of property tax owed. For example, with a median home price of $425,200, homeowners can expect varying tax bills. The 25th percentile tax bill is around $1,353, while the 75th percentile reaches $2,440. At the 90th percentile, the tax bill can be as high as $3,112. These figures highlight the importance of accurate property assessments and the local tax rate in determining the financial obligations of homeowners in Dennis Port.
Average Dennis Port Tax Bill
$1,987
Average Barnstable County Tax Bill
$4,094
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Dennis Port, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02639 | $797 | $1,353 | $1,987 | $2,440 | $3,112 |
Source: Ownwell