Sagamore Beach, Massachusetts Property Taxes
The median property tax rate in Sagamore Beach, MA is 0.88%, which is lower than both the national median of 0.99% and the Massachusetts state median of 1.23%. With a median home value of $515,300 in Sagamore Beach, the typical annual property tax bill amounts to $4,540, significantly surpassing the national median of $2,690. Property taxes in Sagamore Beach are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Sagamore Beach'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 Sagamore Beach 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
Sagamore Beach, Massachusetts Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$2,460
Ownwell’s Sagamore Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sagamore Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sagamore Beach 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 Sagamore Beach, Massachusetts
Property taxes in Sagamore Beach, Massachusetts, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sagamore Beach is 0.88%, which is lower than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Sagamore Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sagamore Beach 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 Beach's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the zip code 02562 has both the highest and lowest median property tax rate of 0.88%. Understanding how these cities compare with Sagamore Beach 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 Beach 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 Beach, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02562 | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Sagamore Beach, Massachusetts
In Sagamore Beach, 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 Beach, 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 Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In this region, the median home price is $515,300, with tax bills ranging from $3,731 at the 25th percentile to $7,280 at the 90th percentile. The highest and lowest median tax bills are both $4,540 in zip code 02562.
Property Tax Assessment Values Across Sagamore Beach, Massachusetts
Source: Ownwell
$390,350
$1,067,975
$1,745,600
Average Sagamore Beach Assessed Value
$515,300
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 Beach, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02562 | $343,880 | $423,300 | $515,300 | $649,100 | $825,540 |
Source: Ownwell
Property Tax Bills Across Sagamore Beach, Massachusetts
In Sagamore Beach, Barnstable County, MA, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local tax assessor and reflects the market value of the property. The tax rate is then applied to this assessed value to calculate the annual tax bill. For instance, in Sagamore Beach, the median home price is $515,300. Several factors influence the property tax bill, including the home's location, size, and any improvements made. The tax bill can vary widely, with the 25th percentile at $3,731 and the 75th percentile reaching $5,719. At the 90th percentile, homeowners might see bills as high as $7,280. These property taxes significantly impact homeowners, as they contribute to local services like schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Sagamore Beach's property taxes are notably higher, reflecting the area's property values and local budgetary needs.
Average Sagamore Beach Tax Bill
$4,540
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 Beach, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02562 | $3,040 | $3,731 | $4,540 | $5,719 | $7,280 |
Source: Ownwell