North Weymouth, Norfolk County, Massachusetts Property Taxes
The median property tax rate in North Weymouth, MA is 1.04%, slightly higher than the national median of 0.99% but lower than the Massachusetts state median of 1.23%. With a median home value of $449,100, the typical annual property tax bill in North Weymouth reaches $4,693, significantly exceeding the national median of $2,690. Property taxes in North Weymouth are calculated based on the tax assessed value, which often falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding North Weymouth's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of North Weymouth or another part of Norfolk County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
North Weymouth, Norfolk County, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$4,671
$4,334
Ownwell’s North Weymouth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Weymouth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across North Weymouth, Norfolk County, Massachusetts
Property taxes in North Weymouth, Massachusetts, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Weymouth is 1.04%, higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within North Weymouth set these rates annually, and they can vary significantly across different neighborhoods. Each year, North 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 North Weymouth's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 02191 zip code has the highest median property tax rate of 1.04%, while the same 02191 zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with North 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.
Property Tax Rates Across North Weymouth, Norfolk County, Massachusetts
Source: Ownwell
0.98%
1.42%
1.86%
Average North Weymouth 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 North Weymouth, Norfolk County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02191 | 1.04% | 1.04% | 1.04% | 1.05% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across North Weymouth, Norfolk County, Massachusetts
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in North Weymouth, 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. Assessment notices in North Weymouth 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 North Weymouth 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 $4693, found in zip code 02191, showcasing the uniformity in tax assessments within this region.
Property Tax Assessment Values Across North Weymouth, Norfolk County, Massachusetts
Source: Ownwell
$363,800
$896,900
$1,430,000
Average North Weymouth Assessed Value
$449,100
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 North Weymouth, Norfolk County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02191 | $322,040 | $398,800 | $449,100 | $522,400 | $631,700 |
Source: Ownwell
Property Tax Bills Across North Weymouth, Norfolk County, Massachusetts
In North 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. Homeowners in North Weymouth can expect a median property tax bill of around $4,693, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's location, size, and any improvements made. For example, a home in the 25th percentile might see a tax bill of approximately $4,167, while those in the 75th percentile could face bills around $5,459. At the higher end, the 90th percentile tax bill can reach up to $6,601. These property tax bills can significantly impact homeowners, affecting their annual budgets and financial planning. High property taxes may also influence decisions about buying or selling property in the area, as well as considerations for appealing the assessed value if it seems disproportionately high.
Property Tax Bills Across North Weymouth, Norfolk County, Massachusetts
Source: Ownwell
$4,693
$10,534
$16,374
Average North Weymouth Tax Bill
$4,693
Average Norfolk County Tax Bill
$7,156
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across North Weymouth, Norfolk County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02191 | $3,365 | $4,167 | $4,693 | $5,459 | $6,601 |
Source: Ownwell