Acushnet, Massachusetts Property Taxes
The median property tax rate in Acushnet, MA is 1.14%, considerably higher than the national median of 0.99% but lower than the Massachusetts state median of 1.23%. With the median home value in Acushnet at $384,600, the typical annual property tax bill reaches $4,384, significantly exceeding the national median of $2,690. Property taxes in Acushnet 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 Acushnet'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 Acushnet 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
Acushnet, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$4,384
$4,069
Ownwell’s Acushnet Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Acushnet with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Acushnet 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 Acushnet, Massachusetts
Property taxes in Acushnet, Massachusetts, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Acushnet is 1.14%, higher than the U.S. national median of 0.99%. Local government entities within Acushnet set these rates annually, and they can vary significantly across different neighborhoods. Each year, Acushnet 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 Acushnet's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 02745 zip code has the highest median property tax rate of 1.14%, while the 02743 zip code has the lowest median tax rate of 1.14%. Understanding how these cities compare with Acushnet provides valuable insights into the varying tax landscape across Bristol County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Acushnet Tax Rate
1.14%
Average Bristol County Tax Rate
1.27%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Acushnet, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02743 | 1.14% | 1.14% | 1.14% | 1.14% | 1.14% |
| 02745 | 1.14% | 1.14% | 1.14% | 1.14% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Acushnet, Massachusetts
In Acushnet, 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 Bristol 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 Acushnet, 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. For example, the zip code with the highest median tax bill is 02745, with a tax bill of $5,185, while the lowest median tax bill is in zip code 02743, at $4,376. 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 Acushnet helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Acushnet, Massachusetts
Source: Ownwell
$270,400
$556,350
$842,300
Average Acushnet Assessed Value
$384,600
Average Bristol County Assessed Value
$384,800
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Acushnet, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02743 | $290,100 | $327,800 | $383,600 | $488,900 | $604,500 |
| 02745 | $323,120 | $377,975 | $454,450 | $515,850 | $618,590 |
Source: Ownwell
Property Tax Bills Across Acushnet, Massachusetts
In Acushnet, Bristol County, MA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. For instance, with a median home price of $384,600, homeowners can expect varying tax bills depending on their property's specific assessment and location within the city. Factors such as property size, location, and condition play a crucial role in the assessment process. In Acushnet, the 25th percentile tax bill is $3,745, while the 75th percentile reaches $5,576, and the 90th percentile can be as high as $6,890. The highest median tax bill in the region is $5,185, found in the 02745 zip code, whereas the lowest is $4,376 in the 02743 zip code. These figures highlight how property taxes can significantly impact homeowners, often exceeding the national median property tax rate of 0.99%.
Average Acushnet Tax Bill
$4,384
Average Bristol County Tax Bill
$4,707
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Acushnet, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02743 | $3,315 | $3,744 | $4,376 | $5,570 | $6,888 |
| 02745 | $3,687 | $4,312 | $5,185 | $5,886 | $7,058 |
Source: Ownwell