Seekonk, Massachusetts Property Taxes
The median property tax rate in Seekonk, MA is 1.31%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Seekonk, the typical annual property tax bill reaches $5,172, exceeding the national median of $2,690. Property taxes in Seekonk 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 Seekonk'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 Seekonk 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
Seekonk, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$5,173
Ownwell’s Seekonk Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Seekonk with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Seekonk 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 Seekonk, Massachusetts
Property taxes in Seekonk, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Seekonk is 1.31%, higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Seekonk set these rates annually, and they can vary significantly across different neighborhoods. Each year, Seekonk 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 Seekonk's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 02771 zip code has the highest median property tax rate of 1.31%, while the same 02771 zip code has the lowest median tax rate of 1.31%. Understanding how these cities compare with Seekonk 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 Seekonk Tax Rate
1.31%
Average Bristol County Tax Rate
1.27%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Seekonk, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02771 | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Seekonk, Massachusetts
In Seekonk, 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 Seekonk, 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 Seekonk helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 02771 has the highest and lowest median tax bill at $5,172.
Average Seekonk Assessed Value
$394,900
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 Seekonk, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02771 | $280,160 | $325,900 | $394,900 | $512,600 | $661,180 |
Source: Ownwell
Property Tax Bills Across Seekonk, Massachusetts
In Seekonk, located in Bristol County, MA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the town’s assessor, who evaluates the property’s market value. This value is then multiplied by the tax rate, which is set annually by the local government to meet budgetary needs. Homeowners in Seekonk experience varying tax bills depending on their property's market value. For instance, the median home price in Seekonk is $394,900. Property tax bills can range significantly; the 25th percentile tax bill is approximately $4,270, while the 75th percentile reaches about $6,712. At the higher end, the 90th percentile tax bill can be as much as $8,656. Compared to the national median property tax rate of 0.99%, Seekonk’s property taxes can be relatively high, impacting homeowners' annual expenses. The highest and lowest median tax bills in Seekonk are both $5,172, reflecting the uniformity within the specific zip code 02771.
Average Seekonk Tax Bill
$5,172
Average Bristol County Tax Bill
$4,707
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Seekonk, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02771 | $3,672 | $4,270 | $5,172 | $6,712 | $8,656 |
Source: Ownwell