East Taunton, Massachusetts Property Taxes
The median property tax rate in East Taunton, MA is 1.21%, which is significantly higher than the national median of 0.99% but slightly below the Massachusetts state median of 1.23%. With a median home value of $365,900 in East Taunton, the typical annual property tax bill amounts to $4,409, surpassing the national median of $2,690. Property taxes in East Taunton are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding East Taunton'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 Taunton 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 Taunton, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$4,427
Ownwell’s EAST TAUNTON Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EAST TAUNTON with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EAST TAUNTON 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 East Taunton, Massachusetts
Property taxes in East Taunton, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Taunton is 1.21%, higher than the U.S. national median of 0.99%. Local government entities within East Taunton set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Taunton 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 Taunton's effective property tax rate to other areas and the national median. For comparison, the zip code 02718 has the highest median property tax rate of 1.21%, while the same zip code also has the lowest median tax rate of 1.21%. Understanding how these rates compare with East Taunton 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 Taunton Tax Rate
1.21%
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 Taunton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02718 | 1.20% | 1.20% | 1.21% | 1.21% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across East Taunton, Massachusetts
In East Taunton, 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 Taunton, 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 Taunton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In East Taunton, the highest median tax bill is $4,409 in the 02718 zip code, while the lowest median tax bill is also $4,409 in the same zip code.
Property Tax Assessment Values Across East Taunton, Massachusetts
Source: Ownwell
$270,400
$556,350
$842,300
Average East Taunton Assessed Value
$365,900
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 Taunton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02718 | $223,540 | $314,000 | $365,900 | $421,700 | $477,260 |
Source: Ownwell
Property Tax Bills Across East Taunton, Massachusetts
In East Taunton, property tax bills are calculated based on the assessed value of a property and the local tax rate set by Bristol County. The assessed value is determined by the local assessor's office, which evaluates the market worth of the property. This assessed value is then multiplied by the tax rate to determine the annual tax bill. The median home price in East Taunton is $365,900, and the property tax rate is higher than the national median of 0.99%. Several factors influence the tax bill, including property size, location, and any improvements made to the property. For instance, the 25th percentile tax bill is $3,784, while the 75th percentile reaches $5,081, and the 90th percentile climbs to $5,751. Homeowners in the zip code 02718 experience a median tax bill of $4,409. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life.
Average East Taunton Tax Bill
$4,409
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 Taunton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02718 | $2,694 | $3,784 | $4,409 | $5,081 | $5,751 |
Source: Ownwell