Rochester, Massachusetts Property Taxes
The median property tax rate in Rochester, MA is 1.07%, which is higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With a median home value of $671,500 in Rochester, the typical annual property tax bill reaches $7,192, significantly exceeding the national median of $2,690. Property taxes in Rochester 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 Rochester'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 Rochester 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
Rochester, 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 Rochester Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rochester with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rochester 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 Rochester, Massachusetts
Property taxes in Rochester, Massachusetts, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rochester is 1.07%, higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Rochester set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rochester 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 Rochester's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the zip code 02770 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 areas compare with Rochester 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 Rochester 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 Rochester, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02770 | 1.07% | 1.07% | 1.07% | 1.07% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Rochester, Massachusetts
In Rochester, 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 Rochester, 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 Rochester helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Rochester is $671,500, with tax bills ranging from $6,754 at the 25th percentile to $7,893 at the 90th percentile. Notably, the zip code 02770 has both the highest and lowest median tax bill at $7,192.
Property Tax Assessment Values Across Rochester, Massachusetts
Source: Ownwell
$270,400
$556,350
$842,300
Average Rochester Assessed Value
$671,500
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 Rochester, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02770 | $606,060 | $630,600 | $671,500 | $712,400 | $736,940 |
Source: Ownwell
Property Tax Bills Across Rochester, Massachusetts
Property tax bills in Rochester, 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 property's market value. In Rochester, the median home price stands at $671,500. The local tax rate is then applied to this assessed value to determine the annual tax bill. For homeowners in Rochester, this means that property taxes can vary significantly depending on the value of their home. For instance, the 25th percentile tax bill is $6,754, while the 75th percentile tax bill is $7,630. Those at the 90th percentile can expect to pay around $7,893 annually. This is notably higher than the national median property tax rate of 0.99%, reflecting the higher property values in the area. These property tax bills directly impact homeowners by influencing their overall housing costs and potentially affecting their financial planning. Understanding how these taxes are calculated helps homeowners anticipate their annual expenses and budget accordingly.
Average Rochester Tax Bill
$7,192
Average Bristol County Tax Bill
$4,707
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Rochester, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02770 | $6,491 | $6,754 | $7,192 | $7,630 | $7,893 |
Source: Ownwell