Abington, Massachusetts Property Taxes
The median property tax rate in Abington, MA is 1.04%, slightly higher than the national median of 0.99% but below the Massachusetts state median of 1.23%. With the median home value in Abington at $456,100, the typical annual property tax bill reaches $4,766, far exceeding the national median of $2,690. Property taxes in Abington 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 Abington'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 Abington 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
Abington, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$4,743
$4,402
Ownwell’s Abington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Abington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Abington 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 Abington, Massachusetts
Property taxes in Abington, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Abington is 1.04%, higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Abington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Abington 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 Abington's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 02351 zip code has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Abington provides valuable insights into the varying tax landscape across Norfolk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Abington Tax Rate
1.04%
Average Norfolk County Tax Rate
1.18%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Abington, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02351 | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Abington, Massachusetts
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Abington, MA. 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 Norfolk 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 Abington, 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 Abington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Abington, both at $4766, are found in the 02351 zip code.
Property Tax Assessment Values Across Abington, Massachusetts
Source: Ownwell
$363,800
$1,318,700
$2,273,600
Average Abington Assessed Value
$456,100
Average Norfolk County Assessed Value
$592,100
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Abington, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02351 | $456,100 | $456,100 | $456,100 | $456,100 | $456,100 |
Source: Ownwell
Property Tax Bills Across Abington, Massachusetts
Property tax bills in Abington, located in Norfolk County, Massachusetts, are calculated based on the assessed value of a property 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 local tax rate to determine the annual tax bill. For homeowners in Abington, the median home price is $456,100. Given this value, the property tax bills typically range around $4,766, which is significantly higher than the national median property tax rate of 0.99%. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. High property taxes can impact homeowners by increasing their annual expenses, but they also contribute to community services such as schools, infrastructure, and public safety. Understanding how these taxes are calculated helps homeowners budget effectively and appreciate the services funded by their contributions.
Average Abington Tax Bill
$4,766
Average Norfolk County Tax Bill
$7,156
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Abington, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02351 | $4,766 | $4,766 | $4,766 | $4,766 | $4,766 |
Source: Ownwell