New Bedford, Bristol County, Massachusetts Property Taxes

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

Median New Bedford, MA effective property tax rate: 1.43%, significantly higher than the national median of 1.02%, but lower than the Massachusetts state median of 1.23%.
Median New Bedford, MA home value: $297,400
Median annual New Bedford, MA tax bill: $4,248, $1,848 higher than the national median property tax bill of $2,400.

How are property taxes in Bristol County calculated?

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

Last Updated March 1, 2025

New Bedford, Bristol County, Massachusetts Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.43%

Estimate Property Tax Bill

$4,253

$3,946

Ownwell’s New Bedford Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in New Bedford with just two data points. By entering your property's estimated assessed value, our calculator applies New Bedford’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 New Bedford, Bristol County, Massachusetts

Local government entities determine tax rates, leading to significant variation within Massachusetts. Annually, each county, including Bristol, calculates its required budget to maintain services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play roles in setting tax rates and budgets, this is essentially the annual process.

In New Bedford, located in Bristol County, the effective property tax rate is 1.43%. This rate is notably higher than the national median property tax rate of 1.02%. The uniformity in tax rates across different zip codes in New Bedford, such as 02745 and 02746, underscores the consistency within the city. However, when compared to the national median property tax bill of $2,400, the financial impact on homeowners in New Bedford can be more pronounced due to the higher rate. Understanding these nuances can help property owners make informed decisions about tax appeals and exemptions.

Property Tax Rates Across New Bedford, 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 New Bedford Tax Rate

1.43%

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 New Bedford, Bristol County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
02740	1.43%	1.43%	1.43%	1.43%	1.43%
02744	1.43%	1.43%	1.43%	1.43%	1.43%
02745	1.43%	1.43%	1.43%	1.43%	1.43%
02746	1.43%	1.43%	1.43%	1.43%	1.43%

Source: Ownwell

Property Tax Assessment Values Across New Bedford, Bristol County, Massachusetts

When examining property taxes in New Bedford, 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.

In Bristol County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 New Bedford.

For example, the median home price in New Bedford is $297,400, with tax bills ranging significantly across the county. Zip code 02745 has the highest median home price at $308,500.

Property Tax Assessment Values Across New Bedford, Bristol County, Massachusetts

Source: Ownwell

$270,400

$556,350

$842,300

Median New Bedford Market Value

$297,400

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 New Bedford, Bristol County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
02740	$218,610	$248,800	$286,700	$333,600	$388,700
02744	$229,500	$263,350	$300,500	$339,950	$383,980
02745	$225,400	$266,600	$308,500	$354,100	$407,770
02746	$214,200	$259,300	$301,850	$332,850	$374,900

Source: Ownwell

Property Tax Bills Across New Bedford, Bristol County, Massachusetts

In New Bedford, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This value is then multiplied by the tax rate set by the city to determine the annual property tax bill. Factors such as the home's location, size, and condition influence its assessed value. The median home price in New Bedford is $297,400, and property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $3,661, while at the 75th percentile, it reaches $4,901. Comparatively, the national median property tax bill is $2,400, indicating that homeowners in New Bedford often face higher tax burdens. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By analyzing the assessed value and comparing it to similar properties, Ownwell can ensure homeowners are not overpaying, potentially reducing their property tax bills and easing their financial burden.

Property Tax Bills Across New Bedford, Bristol County, Massachusetts

Source: Ownwell

$2,677

$5,739

$8,801

Median New Bedford Tax Bill

$4,248

Median Bristol County Tax Bill

$4,707

Median Massachusetts Tax Bill

$5,844

Median United States Tax Bill

$2,400

Property Tax Bills Across New Bedford, Bristol County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
02740	$3,124	$3,552	$4,094	$4,763	$5,555
02744	$3,264	$3,761	$4,293	$4,858	$5,487
02745	$3,221	$3,808	$4,408	$5,060	$5,825
02746	$3,061	$3,704	$4,313	$4,754	$5,357

Source: Ownwell