Dennisport, Massachusetts Property Taxes
The median property tax rate in Dennisport, MA is 0.47%, significantly lower than both the national median of 0.99% and the Massachusetts state median of 1.23%. With a median home value of $515,000 in Dennisport, the typical annual property tax bill amounts to $2,405, which is below the national median of $2,690. Property taxes in Dennisport are calculated based on the tax assessed value, often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Dennisport's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Dennisport or another part of Barnstable County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dennisport, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$2,420
$2,246
Ownwell’s Dennisport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dennisport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dennisport 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 Dennisport, Massachusetts
Property taxes in Dennisport, Massachusetts, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dennisport 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 Dennisport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dennisport 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 Dennisport's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 02639 zip code has both the highest and lowest median property tax rate of 0.47%, reflecting a uniform rate across the area. Understanding how these cities compare with Dennisport 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 Dennisport 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 Dennisport, 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 Dennisport, Massachusetts
In Dennisport, 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 Dennisport, 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 Dennisport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Dennisport is $515,000, with the highest and lowest median tax bills reported at $2,405 in the 02639 zip code.
Property Tax Assessment Values Across Dennisport, Massachusetts
Source: Ownwell
$390,350
$1,067,975
$1,745,600
Average Dennisport Assessed Value
$515,000
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 Dennisport, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02639 | $515,000 | $515,000 | $515,000 | $515,000 | $515,000 |
Source: Ownwell
Property Tax Bills Across Dennisport, Massachusetts
In Dennisport, 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 local tax assessor, who evaluates the property's market value and then applies an assessment ratio. For Dennisport, the median home price stands at $515,000. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Homeowners in Dennisport typically see a median property tax bill of $2,405, which is consistent across the 25th, 75th, and 90th percentiles. This uniformity suggests a stable tax environment for residents. Compared to the national median property tax rate of 0.99%, Dennisport's property tax rate provides context for homeowners to understand their financial obligations. The tax bill directly impacts homeowners by influencing their annual housing costs and potentially affecting decisions related to property ownership and investment.
Average Dennisport Tax Bill
$2,405
Average Barnstable County Tax Bill
$4,094
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Dennisport, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02639 | $2,405 | $2,405 | $2,405 | $2,405 | $2,405 |
Source: Ownwell