Plainville, Massachusetts Property Taxes
The median property tax rate in Plainville, MA is 1.25%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Plainville at $436,700, the typical annual property tax bill reaches $5,444, exceeding the national median of $2,690. Property taxes in Plainville 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 Plainville'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 Plainville 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
Plainville, Massachusetts Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$2,460
Ownwell’s Plainville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Plainville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plainville 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 Plainville, Massachusetts
Property taxes in Plainville, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Plainville is 1.25%, significantly higher than the U.S. national median of 0.99%. Local government entities within Plainville set these rates annually, which can vary across different neighborhoods. Each year, Plainville 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. For comparison, the 02762 zip code has both the highest and lowest median property tax rate of 1.25%. Understanding how these areas compare with Plainville 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 Plainville Tax Rate
1.25%
Average Norfolk County Tax Rate
1.18%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Plainville, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02762 | 1.25% | 1.25% | 1.25% | 1.25% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Plainville, Massachusetts
In Plainville, 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 Plainville, 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 Plainville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 02762 has both the highest and lowest median tax bill at $5,444.
Property Tax Assessment Values Across Plainville, Massachusetts
Source: Ownwell
$363,800
$1,318,700
$2,273,600
Average Plainville Assessed Value
$436,700
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 Plainville, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02762 | $306,900 | $361,100 | $436,700 | $549,250 | $680,300 |
Source: Ownwell
Property Tax Bills Across Plainville, Massachusetts
In Plainville, located in 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 town's assessor and reflects the market value of the property. This valuation is then multiplied by the local tax rate to compute the annual tax bill. For example, with a median home price of $436,700, homeowners can expect their tax bills to vary significantly. Factors such as property improvements, neighborhood changes, and market trends can influence the assessed value, thereby affecting the tax bill. In Plainville, tax bills range widely, with the 25th percentile at $4,504 and the 75th percentile reaching $6,837. The 90th percentile tax bill can go up to $8,431, indicating the variability based on property values and assessments. Compared to the national median property tax rate of 0.99%, Plainville's tax bills reflect the region's higher property values and local tax rates. This impacts homeowners by potentially increasing their annual financial obligations, making it essential for them to stay informed about property assessments and tax rates.
Average Plainville Tax Bill
$5,444
Average Norfolk County Tax Bill
$7,156
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Plainville, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02762 | $3,830 | $4,504 | $5,444 | $6,837 | $8,431 |
Source: Ownwell