Provincetown, Massachusetts Property Taxes
The median property tax rate in Provincetown, MA is 0.60%, considerably lower than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Provincetown at $767,900, the typical annual property tax bill reaches $4,592, surpassing the national median of $2,690. Property taxes in Provincetown 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 Provincetown'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 Provincetown 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
Provincetown, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$4,607
$4,276
Ownwell’s Provincetown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Provincetown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Provincetown 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 Provincetown, Massachusetts
Property taxes in Provincetown, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Provincetown is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Provincetown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Provincetown 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 Provincetown's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the zip code 02657 has both the highest and the lowest median property tax rate of 0.60%. Understanding how these cities compare with Provincetown 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 Provincetown Tax Rate
0.60%
Average Barnstable County Tax Rate
0.70%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Provincetown, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02657 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Provincetown, Massachusetts
In Provincetown, 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 Provincetown, 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 Provincetown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Provincetown's zip code 02657 has both the highest and lowest median tax bill at $4,592.
Property Tax Assessment Values Across Provincetown, Massachusetts
Source: Ownwell
$390,350
$1,067,975
$1,745,600
Average Provincetown Assessed Value
$767,900
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 Provincetown, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02657 | $366,020 | $513,400 | $767,900 | $1,138,700 | $1,680,340 |
Source: Ownwell
Property Tax Bills Across Provincetown, Massachusetts
Property tax bills in Provincetown, located in Barnstable County, MA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the town's assessor, who evaluates the market value of the property. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Provincetown's property tax rate stands out in comparison to the national median property tax rate of 0.99%. Several factors influence the assessed value, including the property's size, location, and condition. Homeowners in Provincetown can expect their property tax bills to vary significantly. For instance, the 25th percentile of tax bills is approximately $3,070, while at the 75th percentile, the tax bill can reach up to $6,810. At the higher end, the 90th percentile sees tax bills around $10,048. This variation impacts homeowners differently, depending on their property's assessed value. Understanding these factors is crucial for homeowners to anticipate their financial obligations accurately.
Average Provincetown Tax Bill
$4,592
Average Barnstable County Tax Bill
$4,094
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Provincetown, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02657 | $2,189 | $3,070 | $4,592 | $6,810 | $10,048 |
Source: Ownwell