East Weymouth, Massachusetts Property Taxes
The median property tax rate in East Weymouth, MA is 1.05%, which is considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With a median home value of $456,800 in East Weymouth, the typical annual property tax bill reaches $4,774, surpassing the national median of $2,690. Property taxes in East Weymouth 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 East Weymouth'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 East Weymouth 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
East Weymouth, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$4,796
Ownwell’s East Weymouth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Weymouth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Weymouth 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 Norfolk County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across East Weymouth, Massachusetts
Property taxes in East Weymouth, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Weymouth is 1.05%, which is higher than the U.S. national median of 0.99%. Local government entities within East Weymouth set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Weymouth 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 East Weymouth's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 02189 zip code has the highest median property tax rate of 1.05%, while the same zip code also has the lowest median tax rate of 1.05%. Understanding how these cities compare with East Weymouth 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 East Weymouth Tax Rate
1.05%
Average Norfolk County Tax Rate
1.18%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Weymouth, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02189 | 1.04% | 1.04% | 1.05% | 1.05% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across East Weymouth, Massachusetts
In East Weymouth, 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 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 East Weymouth, 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 East Weymouth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 02189 has the highest and lowest median tax bill at $4,774. The 25th percentile tax bill is $4,034, while the 75th percentile tax bill is $5,664, and the 90th percentile tax bill reaches $6,888.
Property Tax Assessment Values Across East Weymouth, Massachusetts
Source: Ownwell
$363,800
$1,318,700
$2,273,600
Average East Weymouth Assessed Value
$456,800
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 East Weymouth, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02189 | $304,600 | $386,000 | $456,800 | $542,000 | $659,100 |
Source: Ownwell
Property Tax Bills Across East Weymouth, Massachusetts
In East Weymouth, Norfolk 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 assessor's office and reflects the market value of the property. With a median home price of $456,800, homeowners in East Weymouth can expect their property tax bills to vary. For instance, the 25th percentile tax bill is around $4,034, while the 75th percentile tax bill reaches $5,664. The 90th percentile tax bill can go as high as $6,888. These property tax bills are influenced by several factors, including changes in the market value of homes and local government budget requirements. Homeowners in East Weymouth face tax bills that are higher than the national median property tax rate of 0.99%, reflecting the region's higher property values and local tax policies. Understanding these factors can help homeowners better manage their finances and plan for annual expenses.
Average East Weymouth Tax Bill
$4,774
Average Norfolk County Tax Bill
$7,156
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across East Weymouth, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02189 | $3,183 | $4,034 | $4,774 | $5,664 | $6,888 |
Source: Ownwell