East Freetown, Massachusetts Property Taxes
The median property tax rate in East Freetown, MA is 1.07%, which is higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in East Freetown at $451,650, the typical annual property tax bill reaches $4,844, exceeding the national median of $2,690. Property taxes in East Freetown 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 East Freetown'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 East Freetown 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
East Freetown, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$4,833
Ownwell’s EAST FREETOWN Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in EAST FREETOWN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EAST FREETOWN to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and may include applicable exemptions.
Property Tax Rates Across East Freetown, Massachusetts
Property taxes in East Freetown, Massachusetts, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Freetown is 1.07%, higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within East Freetown set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Freetown 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 East Freetown's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 02717 zip code has the highest median property tax rate of 1.07%, while the same zip code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with East Freetown 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 East Freetown Tax Rate
1.07%
Average Bristol County Tax Rate
1.27%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Freetown, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02717 | 1.07% | 1.07% | 1.07% | 1.07% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across East Freetown, Massachusetts
In East Freetown, 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 East Freetown, 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 East Freetown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bills is 02717, with a median tax bill of $4,844.
Property Tax Assessment Values Across East Freetown, Massachusetts
Source: Ownwell
$270,400
$556,350
$842,300
Average East Freetown Assessed Value
$451,650
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 East Freetown, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02717 | $317,200 | $369,850 | $451,650 | $547,450 | $651,080 |
Source: Ownwell
Property Tax Bills Across East Freetown, Massachusetts
Property tax bills in East Freetown, located in Bristol County, MA, are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by local assessors who evaluate the property’s market value. Homeowners in East Freetown experience a median home price of $451,650, which significantly influences their tax bills. The tax rate is then applied to this assessed value to determine the annual property tax bill. For example, the 25th percentile of tax bills in East Freetown is $3,968, while the 75th percentile is $5,864, and the 90th percentile reaches $6,965. These figures are considerably higher than the national median property tax rate of 0.99%, reflecting the relatively high property values in the area. This variation in tax bills can impact homeowners differently, with higher-valued properties incurring more substantial tax obligations. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average East Freetown Tax Bill
$4,844
Average Bristol County Tax Bill
$4,707
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across East Freetown, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02717 | $3,421 | $3,968 | $4,844 | $5,864 | $6,965 |
Source: Ownwell