Fall River, Bristol County, Massachusetts Property Taxes

Name: Property Tax Bills Across Fall River, Bristol County, Massachusetts
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Fall River, MA effective property tax rate: 1.23%, significantly higher than the national median of 1.02%, but lower than the Massachusetts state median of 1.23%.
Median Fall River, MA home value: $322,400
Median annual Fall River, MA tax bill: $3,956, $1,556 higher than the national median property tax bill of $2,400.

How are property taxes in Bristol calculated?

Property taxes in Fall River, MA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Fall River’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fall River, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Fall River, Bristol County, Massachusetts Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.23%

Estimate Property Tax Bill

$3,966

$3,680

Ownwell’s Fall River Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fall River with just two data points. By entering your property's estimated assessed value, our calculator applies Fall River’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Bristol County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Fall River, Bristol County, Massachusetts

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Fall River’s effective property tax rate to other cities in Massachusetts and the median property tax rates in Massachusetts and the U.S.

Property Tax Rates Across Fall River, Bristol County, Massachusetts

Source: Ownwell

0.82%

1.14%

1.46%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Fall River Tax Rate

1.23%

Median Effective Bristol County Tax Rate

1.27%

Median Effective Massachusetts Tax Rate

1.23%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fall River, Bristol County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
02720	1.23%	1.23%	1.23%	1.23%	1.23%
02721	1.23%	1.23%	1.23%	1.23%	1.23%
02722	1.20%	1.23%	1.23%	1.23%	1.23%
02723	1.23%	1.23%	1.23%	1.23%	1.23%
02724	1.23%	1.23%	1.23%	1.23%	1.23%

Source: Ownwell

Property Tax Assessment Values Across Fall River, Bristol County, Massachusetts

When examining property taxes in Fall River, MA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Bristol County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Bristol County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Fall River. For example, the median home price in Fall River is $322,400, with tax bills ranging significantly across the county. Zip code 02722 has the highest median home price at $363,700.

Property Tax Assessment Values Across Fall River, Bristol County, Massachusetts

Source: Ownwell

$270,400

$556,350

$842,300

Median Fall River Market Value

$322,400

Median Bristol County Market Value

$384,800

Median Massachusetts Market Value

$492,600

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fall River, Bristol County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
02720	$209,540	$271,500	$327,800	$394,000	$474,900
02721	$236,070	$270,300	$323,250	$372,400	$424,420
02722	$213,500	$245,934	$363,700	$444,650	$501,700
02723	$236,660	$267,800	$314,800	$365,900	$425,740
02724	$242,080	$274,050	$319,100	$374,450	$431,300

Source: Ownwell

Property Tax Bills Across Fall River, Bristol County, Massachusetts

In Fall River, Bristol County, MA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The tax rate is then applied to this assessed value to determine the annual tax bill. With a median home price of $322,400, homeowners in Fall River can expect tax bills that vary significantly depending on their property's assessed value. For instance, tax bills can range from the 25th percentile at $3,325 to the 75th percentile at $4,654, with some reaching as high as the 90th percentile at $5,460. These figures are notably higher than the national median property tax bill of $2,400, reflecting the region's relatively high property tax rates. However, not all homeowners are aware that they might be overpaying. Ownwell offers a solution by providing expert property tax appeal services, potentially reducing the financial burden on homeowners. By analyzing property assessments and advocating for fair valuations, Ownwell helps clients achieve significant savings on their property tax bills.

Property Tax Bills Across Fall River, Bristol County, Massachusetts

Source: Ownwell

$2,677

$5,739

$8,801

Median Fall River Tax Bill

$3,956

Median Bristol County Tax Bill

$4,707

Median Massachusetts Tax Bill

$5,844

Median United States Tax Bill

$2,400

Property Tax Bills Across Fall River, Bristol County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
02720	$2,571	$3,332	$4,022	$4,834	$5,827
02721	$2,897	$3,317	$3,966	$4,569	$5,208
02722	$2,620	$2,859	$4,463	$5,456	$6,156
02723	$2,904	$3,286	$3,863	$4,490	$5,224
02724	$2,970	$3,362	$3,915	$4,594	$5,292

Source: Ownwell