South Easton, Massachusetts Property Taxes
The median property tax rate in South 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 South Easton at $453,000, the typical annual property tax bill reaches $6,603, exceeding the national median of $2,690. Property taxes in South 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 South 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 South 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
South Easton, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.46%
Estimate Property Tax Bill
$6,614
Ownwell’s South Easton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Easton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South 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 South Easton, Massachusetts
Property taxes in South Easton, Massachusetts, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Easton is 1.46%, significantly higher than the U.S. national median of 0.99%. Local government entities within South Easton set these rates annually, and they can vary significantly across different neighborhoods. Each year, South 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 South Easton's effective property tax rate to other areas in Bristol County and the national median. For comparison, the zip code 02375 has both the highest and lowest median property tax rate of 1.46%. Understanding how these cities compare with South 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 South 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 South Easton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02375 | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across South Easton, Massachusetts
In South Easton, 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 South 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. 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 Easton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $453,000, with median tax bills ranging from $4,671 at the 25th percentile to $9,885 at the 90th percentile. The highest and lowest median tax bills are both $6,603 in zip code 02375.
Property Tax Assessment Values Across South Easton, Massachusetts
Source: Ownwell
$270,400
$556,350
$842,300
Average South Easton Assessed Value
$453,000
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 Easton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02375 | $263,100 | $320,175 | $453,000 | $552,550 | $677,550 |
Source: Ownwell
Property Tax Bills Across South Easton, Massachusetts
Property tax bills in South 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. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in South Easton, the median home price is $453,000. Property tax bills can vary significantly, with the 25th percentile tax bill at $4,671 and the 75th percentile reaching $8,060. At the higher end, the 90th percentile tax bill is $9,885. These figures indicate that property taxes can represent a substantial expense for homeowners, potentially impacting their overall financial planning and housing affordability. Understanding these factors is crucial for homeowners as it helps them anticipate their annual property tax obligations and manage their budgets accordingly. The local tax rate and assessed property values play a pivotal role in determining the final tax bill.
Average South Easton Tax Bill
$6,603
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 Easton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02375 | $3,839 | $4,671 | $6,603 | $8,060 | $9,885 |
Source: Ownwell