Sagamore, Massachusetts Property Taxes
The median property tax rate in Sagamore, MA is 0.88%, which is lower than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Sagamore at $403,350, the typical annual property tax bill reaches $3,554, surpassing the national median of $2,690. Property taxes in Sagamore are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences. Understanding Sagamore'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 Sagamore 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
Sagamore, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$3,549
$3,294
Ownwell’s SAGAMORE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SAGAMORE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SAGAMORE 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 Sagamore, Massachusetts
Property taxes in Sagamore, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sagamore is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Sagamore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sagamore 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 Sagamore's effective property tax rate to other areas in Barnstable County and the national median. For comparison, the 02561 zip code has both the highest and lowest median property tax rate of 0.88%. Understanding how these areas compare with Sagamore 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 Sagamore Tax Rate
0.88%
Average Barnstable County Tax Rate
0.70%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sagamore, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02561 | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Sagamore, Massachusetts
In Sagamore, 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 Sagamore, 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 Sagamore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Sagamore is $3,554 in the 02561 zip code, which is consistent across different areas.
Property Tax Assessment Values Across Sagamore, Massachusetts
Source: Ownwell
$390,350
$1,067,975
$1,745,600
Average Sagamore Assessed Value
$403,350
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 Sagamore, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02561 | $337,010 | $370,050 | $403,350 | $502,525 | $619,870 |
Source: Ownwell
Property Tax Bills Across Sagamore, Massachusetts
In Sagamore, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. Factors such as the property's size, location, and condition play a significant role in determining its assessed value. For homeowners in Sagamore, the median home price stands at $403,350. The property tax rate in Barnstable County is notably higher than the national median property tax rate of 0.99%. Homeowners in the 25th percentile can expect to pay around $3,260 in property taxes, while those in the 75th percentile might see tax bills closer to $4,427. The 90th percentile tax bill reaches up to $5,461. These property tax bills can significantly impact homeowners' budgets, making it crucial for them to understand how their tax obligations are calculated and what factors influence these amounts. The highest and lowest median tax bills in the area are both recorded at $3,554 in the 02561 zip code, indicating some consistency in tax assessments within this locality.
Average Sagamore Tax Bill
$3,554
Average Barnstable County Tax Bill
$4,094
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Sagamore, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02561 | $2,969 | $3,260 | $3,554 | $4,427 | $5,461 |
Source: Ownwell