South Attleboro, Massachusetts Property Taxes
The median property tax rate in South Attleboro, MA is 1.27%, which is notably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in South Attleboro at $335,800, the typical annual property tax bill reaches $4,275, surpassing the national median of $2,690. Property taxes in South Attleboro are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding South Attleboro'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 South Attleboro 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
South Attleboro, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$4,265
$3,957
Ownwell’s South Attleboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Attleboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Attleboro 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 South Attleboro, Massachusetts
Property taxes in South Attleboro, Massachusetts, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in South Attleboro is 1.27%, higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within South Attleboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Attleboro 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 South Attleboro's effective property tax rate to other areas in Massachusetts and the national median. For comparison, the zip code 02703 has the highest median property tax rate of 1.27%, while the same zip code also has the lowest median tax rate of 1.27%. Understanding how these figures compare with South Attleboro 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 South Attleboro Tax Rate
1.27%
Average Bristol County Tax Rate
1.27%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Attleboro, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02703 | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across South Attleboro, Massachusetts
In South Attleboro, 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. 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 South Attleboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $4,275, found in the 02703 zip code.
Property Tax Assessment Values Across South Attleboro, Massachusetts
Source: Ownwell
$270,400
$556,350
$842,300
Average South Attleboro Assessed Value
$335,800
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 South Attleboro, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02703 | $243,700 | $260,375 | $335,800 | $404,925 | $455,150 |
Source: Ownwell
Property Tax Bills Across South Attleboro, Massachusetts
In South Attleboro, 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 local tax assessor and is meant to reflect the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's size, age, location, and condition. Additional considerations such as recent sales of comparable properties in the area and improvements made to the home can also impact the assessment. For homeowners in South Attleboro, the property tax burden can vary significantly. The 25th percentile tax bill is $3,314, while the 75th percentile tax bill is $5,155, and the 90th percentile tax bill reaches $5,794. Comparing these figures to the national median property tax rate of 0.99%, South Attleboro's property tax bills are relatively high, which can significantly impact homeowners' annual expenses.
Average South Attleboro Tax Bill
$4,275
Average Bristol County Tax Bill
$4,707
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across South Attleboro, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02703 | $3,102 | $3,314 | $4,275 | $5,155 | $5,794 |
Source: Ownwell