North Eastham, Massachusetts Property Taxes
The median property tax rate in North Eastham, MA is 0.72%, notably lower than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in North Eastham at $639,250, the typical annual property tax bill reaches $4,628, surpassing the national median of $2,690. Property taxes in North Eastham are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding North Eastham'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 North Eastham 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
North Eastham, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$4,603
Ownwell’s North Eastham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Eastham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Eastham 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 Barnstable County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across North Eastham, Massachusetts
Property taxes in North Eastham, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Eastham is 0.72%, which is lower than the Massachusetts state median of 1.23% and the U.S. national median of 0.99%. Local government entities within North Eastham set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Eastham 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 North Eastham's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the zip code 02651 has the highest median property tax rate of 0.72%, while the same zip code 02651 also has the lowest median tax rate of 0.72%. Understanding how these cities compare with North Eastham 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 North Eastham Tax Rate
0.72%
Average Barnstable County Tax Rate
0.70%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Eastham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02651 | 0.72% | 0.72% | 0.72% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across North Eastham, Massachusetts
In North Eastham, 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 North Eastham, 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 North Eastham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $4,628, found in the 02651 zip code.
Property Tax Assessment Values Across North Eastham, Massachusetts
Source: Ownwell
$390,350
$1,067,975
$1,745,600
Average North Eastham Assessed Value
$639,250
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 North Eastham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02651 | $552,300 | $603,600 | $639,250 | $741,925 | $934,030 |
Source: Ownwell
Property Tax Bills Across North Eastham, Massachusetts
In North Eastham, 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 Barnstable County assessor's office and reflects the estimated market value of the property. Once the assessed value is established, it is multiplied by the local property tax rate to determine the annual tax bill. For homeowners in North Eastham, the median home price is $639,250, leading to significant property tax obligations. The tax bill for the 25th percentile is $4,370, while the 75th percentile sees bills of around $5,372. Those in the 90th percentile can expect to pay as much as $6,762. The highest and lowest median tax bills in the area are both $4,628, located in the 02651 zip code. Compared to the national median property tax rate of 0.99%, North Eastham's rates can have a considerable impact on homeowners, influencing their overall cost of living and financial planning.
Average North Eastham Tax Bill
$4,628
Average Barnstable County Tax Bill
$4,094
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across North Eastham, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02651 | $3,999 | $4,370 | $4,628 | $5,372 | $6,762 |
Source: Ownwell