East Falmouth, Massachusetts Property Taxes
The median property tax rate in East Falmouth, MA is 0.69%, considerably lower than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in East Falmouth at $486,400, the typical annual property tax bill reaches $3,368, surpassing the national median of $2,690. Property taxes in East Falmouth 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 East Falmouth'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 East Falmouth 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
East Falmouth, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$3,356
$3,114
Ownwell’s EAST FALMOUTH Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EAST FALMOUTH with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EAST FALMOUTH 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 East Falmouth, Massachusetts
Property taxes in East Falmouth, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Falmouth is 0.69%, which is lower than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within East Falmouth set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Falmouth 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 East Falmouth's effective property tax rate to other areas in Barnstable County and the national median. For comparison, the 02536 zip code has the highest median property tax rate of 0.69%, while the 02536 zip code also has the lowest median tax rate of 0.69%. Understanding how these areas compare with East Falmouth 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 East Falmouth Tax Rate
0.69%
Average Barnstable County Tax Rate
0.70%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Falmouth, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02536 | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across East Falmouth, Massachusetts
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in East Falmouth, Massachusetts. 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 East Falmouth, 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 East Falmouth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in East Falmouth are both $3,368, found in zip code 02536.
Property Tax Assessment Values Across East Falmouth, Massachusetts
Source: Ownwell
$390,350
$1,067,975
$1,745,600
Average East Falmouth Assessed Value
$486,400
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 East Falmouth, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02536 | $328,600 | $388,300 | $486,400 | $664,200 | $985,400 |
Source: Ownwell
Property Tax Bills Across East Falmouth, Massachusetts
In East Falmouth, located in Barnstable County, MA, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The assessed value is an estimate of what the property would sell for under normal conditions. This value is then multiplied by the local tax rate to calculate the annual property tax bill. For example, with the median home price in East Falmouth being $486,400, homeowners can expect a tax bill that varies significantly depending on their property’s assessed value. The tax bill at the 25th percentile is $2,688, while at the 75th percentile, it rises to $4,606. At the 90th percentile, it can reach up to $6,826. These figures indicate how property taxes can impact homeowners differently based on their property’s value. Understanding these factors is crucial for homeowners as it directly affects their annual expenses and financial planning. By staying informed about property assessments and local tax rates, homeowners can better anticipate their property tax obligations.
Average East Falmouth Tax Bill
$3,368
Average Barnstable County Tax Bill
$4,094
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across East Falmouth, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02536 | $2,275 | $2,688 | $3,368 | $4,606 | $6,826 |
Source: Ownwell