North Easton, Massachusetts Property Taxes
The median property tax rate in North Easton, MA, is 1.46%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in North Easton at $524,700, the typical annual property tax bill reaches $7,652, exceeding the national median of $2,690. Property taxes in North Easton 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 North Easton'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 North Easton 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
North Easton, Massachusetts Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$2,460
Ownwell’s North Easton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Easton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Easton 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 North Easton, Massachusetts
Property taxes in North Easton, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Easton is 1.46%, higher than the U.S. national median of 0.99%. Local government entities within North Easton set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Easton 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 North Easton's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 02356 zip code has the highest median property tax rate of 1.46%, while also having the lowest median tax rate of 1.46%. Understanding how these cities compare with North Easton 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 North Easton Tax Rate
1.46%
Average Bristol County Tax Rate
1.27%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Easton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02356 | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across North Easton, Massachusetts
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in North Easton, Massachusetts. 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 North Easton, 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. The median home price in North Easton is $524,700, with the 25th percentile tax bill at $5,966 and the 75th percentile tax bill at $9,862. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The highest and lowest median tax bills in North Easton are both $7,652, found in the 02356 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across North Easton, Massachusetts
Source: Ownwell
$270,400
$556,350
$842,300
Average North Easton Assessed Value
$524,700
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 North Easton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02356 | $327,900 | $408,900 | $524,700 | $675,825 | $850,010 |
Source: Ownwell
Property Tax Bills Across North Easton, Massachusetts
Property tax bills in North Easton, located in Bristol County, MA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor’s office and reflects the market value of the property. For instance, with a median home price of $524,700, homeowners in North Easton can expect to pay a significant property tax bill. The tax bill is influenced by several factors, including property size, location, and any improvements made to the property. The median tax bill in the area is around $7,652, which is notably higher than the national median property tax rate of 0.99%. Homeowners in the 25th percentile pay about $5,966, while those in the 75th percentile face bills around $9,862. At the 90th percentile, tax bills can reach up to $12,412. Higher property taxes can impact homeowners by increasing the overall cost of owning a home, potentially influencing decisions on buying, selling, or improving properties.
Average North Easton Tax Bill
$7,652
Average Bristol County Tax Bill
$4,707
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across North Easton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02356 | $4,784 | $5,966 | $7,652 | $9,862 | $12,412 |
Source: Ownwell